Case study #4: Fast cash access for a NJ staffing company.
Client: A tech staffing company in central New Jersey.
Situation: This growing company had an existing credit line with a large national bank but was anticipating accelerated growth and larger contracts coming into the new year. They needed a larger line to manage the anticipated new payroll demands.
Solution: A $750,000 accounts receivable facility, closed in a matter of weeks.
Result: The client was able to ramp up new business and new profits, eliminating the restrictions that their traditional line of credit had imposed on their company.