Many companies can struggle to meet payroll and operating expenses especially when they have to wait on outstanding invoices. Staffing agencies understand more than anyone the difficulty of needing quick access to working capital; and factoring for staffing agencies is the solution to this common problem. Challenges Facing Staffing Agencies More and more the reliance on customer payments from outstanding […]
Boynton Beach, FL – April 16, 2018 – Seacoast Business Funding closed an $8,000,000 Asset-Based Lending facility for a southeastern based IT services provider specializing in managed IT services, value added resale and channel sales. The company will be utilizing the proceeds of the asset-based lending facility to leverage accounts receivable to pre-fund new contracts for hardware, software and additional front-end
Boynton Beach, FL – March 15, 2018 – Seacoast Business Funding closed a $650,000 factoring facility for a local importer that distributes hardware and fasteners for masonry applications on a national basis. The company, which is located in the southeast, will be utilizing the proceeds of the facility to increase cash flow to pay suppliers for incoming products. Seacoast Business
Working Capital Solution Created Growth For Extra Duty Company The client is a northeastern based company founded in 2015. They provide administrative support to law enforcement agencies in the management of their extra duty programs. The company provides pre-screening of new account requests, scheduling, billing and collections, and payroll processing, thus freeing up administrative resources for their governmental customers. Challenge:
The healthcare industry is constantly evolving and changing to meet both patient and regulatory demands. Home care/health is expected to increase by 104% over the next several years. As hospital offerings expand to include traveling nurses and other community based services, the demand for qualified nurses will increase. On top of the market needs an estimated 700,000 nurses are set to leave the workforce
A Southeastern staffing company founded in 2009 focuses primarily on providing IT and Engineering professionals with positions in the Automotive, Aerospace, Defense, Biotech, and Structural/Architectural industries. The company has a placement rate of over 90%, an executive team with a combined 40 years of industry experience, and a customer base of both Fortune 100 and locally-owned businesses. Challenge: Over the
