Seacoast Closes $650K Factoring Facility for Importer

Seacoast Business Funding closed a $650,000 factoring facility for a Southeast-based importer that distributes hardware and fasteners for masonry applications on a national basis._x000D_
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The company will use the proceeds of the facility to increase cash flow and pay suppliers for incoming products._x000D_
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The client was referred to Seacoast Business Funding by Seacoast National Bank._x000D_
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“Seacoast was able to fund and underwrite the client in three weeks, providing the company with a reliable cash flow to maintain the inflow of product without resulting in downtime,” said Jay Atkins, president of Seacoast Business Funding.