Staffing
Our experience helping many staffing companies allows us to tailor financing packages to meet each individual company’s needs. From flexible structures to variable advance rates, our team is able to create the financing package that will allow you to reach your goals.
Common Staffing Issues
- Payroll funding
- High-growth opportunities
- Seasonal funding
- Lender fatigue
- Outstanding liabilities
Many Staffing companies benefit from financial packages through First Growth Capital. Click here to learn more
Company
A national staffing company placing temporary employees in highly skilled positions.
Situation
Company needed working capital to finance turnaround. Existing lender was closing line of credit due to company's negative net worth.
Solution
First Growth Capital was able to tailor an $8,000,000 line of credit that included a 90% advance rate. The flexible stucture included multiple options for the company to change this structure at a future time.
Company
New start-up staffing company located in Western Region specializing in light industrial and clerical staffing positions.
Situation
New company was experiencing high growth and had difficulty finding financial lending due to high customer concentration and shallow sales history.
Solution
First Growth Capital worked extensively with the company to learn the financial projections and growth strategy. The result was a $2,000,000 line of credit with a 92% advance rate.
Company
West Coast staffing company specializing in light industrial, transportation and clerical staffing
Situation
Company was losing existing line of credit due to lender fatigue brought on by outstanding tax liabilities and two years of losses. New funding was needed quickly for both past liabilities and current working capital needs.
Solution
A $10,000,000 line of credit was closed within 30 days that provided the company with a competitive advance rate including a 92% advance rate for the first 2 months.
Company
Full-support staffing company located in the Midwest
Situation
Company had outgrown existing lender and could not obtain an increase due to 2 years of losses and outstanding tax liabilities.
Solution
First Growth Capital was able to provide a $17,000,000 line of credit with flexible advance rates to meet seasonal funding needs.
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