Access Capital provided a credit facility to Strategio Inc. (“Strategio”). The new borrower is a Miami-based start-up formed with a mission to increase diversity, equity and inclusion within enterprise IT. Strategio’s program includes sourcing...
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With traditional work routines reexamined and overhauled due to the COVID-19 global pandemic, employers around the world need help from temporary staffing agencies to fill gaps in their workforce and delivery systems. Republic Business Credit was...
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eCapital closed a £3million sterling U.K. and $1.5 million U.S. trans-Atlantic working capital line of credit to a prominent international provider of manpower solutions within the renewable energy and sustainable transportation industries....
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Prestige Capital has a long history of providing funds to companies to address immediate working capital needs. In 2018, Prestige Capital provided a $3M factoring facility to a west coast staffing company providing both temporary and permanent...
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Access Capital recently added Signify Technology Group (“Signify”) to its portfolio. Signify is a technology recruitment company based in Santa Monica, CA and is the US subsidiary of Signify UK. The new borrower has an established specialization in...
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Sallyport’s fall fundings continue with a $4,000,000 Accounts Receivable facility for a U.S. staffing company experiencing rapid growth.The client was referred to Sallyport via a CPA and one of our industry competitors at a time when they started...
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October 18, 2021, 07:00 AM
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Sallyport provided $1,500,000 in funding to a Canadian staffing firm serving the oil and gas services, mining and construction industries with permanent and temporary staffing solutions. The company is a subsidiary of one of Sallyport’s existing and...
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October 04, 2021, 08:08 AM
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Citizens M&A Advisory served as the exclusive financial advisor to WorkN, a mobile on-demand staffing platform, on its acquisition by Avionté, a portfolio company of Serent Capital. This acquisition represents Citizens’ 17th Human Resources...
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September 27, 2021, 08:03 AM
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HireQuest closed a $63.2 million credit facility comprised of a $60.0 million Revolving Credit Facility and a $3.2 million Term Loan with its existing lender, Truist (formerly BB&T). The new facility replaces the Company’s prior $30 million revolving...
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BizCap® (Business Capital since 2002) structured and secured funding for GQR, a global talent acquisition and advisory firm specializing in STEMMP (Scientific, Technical, Engineering, Mathematical, Medical and Professional) hires. A wholly owned...
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Alterna Capital Solutions announced a $60 million transaction providing growth capital to a Florida-based healthcare staffing resource company. The deal is the largest transaction to date in the 3-year-old firm’s history and, combined with additional...
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TAB Bank provided a medical staffing company in Kentucky a $500 thousand revolving credit facility. The new facility is extended through a multi-year agreement and will provide the means to fund growth for the company.The company provides staffing...
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GEE Group received and signed a commitment letter for a $20 million asset-based senior secured revolving credit facility from CIT, who will also serve as administrative and collateral agent and sole lead arranger. The CIT Facility will be...
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Access Capital provided a $3 million credit facility for Next Move, Inc. to support the company's growth and expansion. Access Capital replaced the company’s former lender and is pleased to now serve as the new borrower’s financial partner.Next Move...
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TAB Bank provided a $10 million revolving credit facility to a staffing company in Arizona. The new facility is extended through a multi-year agreement and will provide the means to fund growth for the company.The company provides staffing services...
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January 22, 2021, 07:00 AM
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A long-standing California-based staffing company was having issues with their current lender and was seeking a more partnered relationship. FSW Funding emerged as the best fit and was a lender that could meet their capital needs and high growth...
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October 27, 2020, 07:00 AM
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Sallyport Commercial Finance provides needed working capital for staffing firm servicing the oil and gas sector. The business found itself without a credit facility and abandoned when their current lender decided to exit out of energy. Taking the...
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October 21, 2020, 09:05 AM
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North Mill Capital closed on a $500,000 Accounts Receivable Facility for The Right Staff, LLC, a full-service, professional employment firm with locations in Minneapolis, Minnesota.The funds were used to pay off the previous lender and provide...
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Access Capital recently provided financing to Universal Technologies, a provider of IT consulting and staffing services, large scale hardware and maintenance contracts.The Albany based company is a woman owned business and has over 15 years of...
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February 04, 2020, 09:00 AM
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The managing partners of Advance Employment Services, LLC (“Advance”) recently engaged Access Capital to finance the purchase of the commercial staffing business of the AccessPoint family of companies, a professional employer organization in the...
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November 19, 2019, 08:37 AM
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North Mill Capital announced the funding of a $750,000 Accounts Receivable Facility to Aqua Green Services in South Carolina.The funds were used to pay off the current lender and provide additional working capital for the company. Aqua...
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November 05, 2019, 09:00 AM
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North Mill Capital announced the funding of a $1,000,000 Accounts Receivable Facility to Staff Right Solutions, LLC.The funds were used to pay off the current lender and provide additional working capital for the company.Staff Right Solutions, LLC is...
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October 08, 2019, 08:00 AM
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Access Capital has recently closed a new credit facility for $1 Million for The Syfter Group LLC.The new client provides IT contract and permanent placement staffing. Syfter is headquartered in New York and was recently recognized by the Staffing...
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When a temporary staffing and consulting firm began to outgrow their existing line of credit, they sought out Republic Business Credit to provide a larger facility and a higher advance rate to keep up with their escalating payroll needs. Republic...
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Amerisource Business Capital announced the closing and funding of a $1 million senior credit facility for an employment agency based in Missouri. Proceeds of the facility were used to refinance existing bank debt and to provide additional working...
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Versant Funding announced a $24,000,000 non-recourse factoring facility for a start-up staffing company. Despite some issues in the principal's past and ongoing legal disputes, Versant was able to focus on the accounts receivable and get the company...
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Sallyport Commercial Finance closed a $2,000,000 Accounts Receivable facility to a UK incorporated staffing and recruitment company wishing to launch in the United States.An established staffing firm from the United Kingdom had successfully...
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Access Capital increased its existing senior revolving facility with DIVERSANT and provided the company a new term loan facility to assist DIVERSANT in its acquisition of Minneapolis-based IT staffing firm, Alliance of Computer Professionals (ACP)....
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When a California based Investment Bank needed more than a factoring solution for its Ohio based technology enabled temporary staffing client, they tasked Republic Business Credit with paying off the commercial bank and supporting future payroll...
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February 01, 2019, 09:00 AM
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Access Capital has recently closed a new transaction with Condustrial, Inc, a full service provider of supplemental personnel in the construction, manufacturing, industrial and nursing sectors.
The South Carolina based company was formed in 2002...
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January 29, 2019, 07:00 AM
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Gibraltar Business Capital recently funded two staffing company lines of credit for $2 million and $8 million respectively. The transactions were related acquisitions of different staffing company divisions by experienced industry players. Changes...
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December 27, 2018, 08:00 AM
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Republic Business Credit increased the borrowing ability while lowering costs for a rapidly growing staffing firm experiencing nearly triple digit growth. When a consultant sought to free its Midwestern based client from an expensive financing...
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October 30, 2018, 08:00 AM
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Amerisource Business Capital announced the closing and funding of a $2,000,000 credit facility for an IT staffing company based in Illinois. Proceeds of the facility were used to refinance the Company’s bank line of credit and provide additional...
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September 20, 2018, 07:00 AM
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Access Capital announced its latest transaction with its new client PeopleServe. Led by its President, Erik Schwartz, PeopleSERVE, Inc. has been providing IT staffing solutions for two decades. The company has established a specialization in...
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August 30, 2018, 07:00 AM
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Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for an IT staffing company in California. Proceeds of the facility were used to refinance existing bank debt and support continued sales growth. Danilo...
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August 08, 2018, 08:00 AM
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Access Capital has closed a transaction for a new client in the amount of $850,000.
The California company is a staffing firm employing physical therapists, occupational therapists, and speech therapists to schools, hospitals, and other healthcare...
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August 08, 2018, 07:00 AM
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Sallyport Commercial Finance provided a $5,000,000 Accounts Receivable facility to a staffing company that offers expertise to onshore land based and marine applications.Established in 2018, this newly formed company was introduced to Sallyport by an...
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Silver Oak Services Partners, a lower middle market private equity firm focused exclusively on service businesses, announced it has led the recapitalization of Brilliant Staffing in partnership with management and co-investors.
Brilliant is a...
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Access Capital’s latest transaction was with Bear Staffing Services Corporation. Bear’s corporate headquarters are in Fort Myers, Florida and the company specializes in providing skilled and semi-skilled workforce to industrial and manufacturing...
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ABN AMRO Commercial Finance announced the successful refinance of the Shorterm Group. Shorterm is one of the largest specialist technical engineering recruiters in the UK, providing recruitment expertise to over 500 clients across the Aviation, Rail...
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November 21, 2017, 08:00 AM
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PNC Bank, N.A., announced that it has closed a $150 million revolving line of credit for CDI Corp., a portfolio company of AE Industrial Partners, LLC. PNC Bank, N.A., served as administrative agent. CDI Corp. will use the funds, in part, to repay...
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October 20, 2017, 08:00 AM
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Access Capital has recently funded a $1,000,000 credit facility for The Structures Company. The new borrower is based in California and specializes in providing temporary staffing solutions to the aerospace industry. The Structures Company was...
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August 30, 2017, 08:00 AM
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Access Capital recently closed a new credit facility consisting of a $1.75 million working capital revolver along with a term loan in the amount of $105,000. The new borrower is a Florida based company, specializing in providing temporary and...
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August 09, 2017, 07:00 AM
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Republic Business Credit provided a $4 million receivables purchase line of credit to an unidentified staffing business.
When a large money center bank was unable to approve a sufficient line of credit, the lender tasked Republic Business Credit to...
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Republic Business Credit has provided a $5 million credit facility to a Texas-based workforce services provider.
When a Texas bank required additional years in business before approving a line of credit, they approached Republic Business Credit to...
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Amerisource Business Capital announced the closing and funding of two separate $450,000 asset based revolvers. One was a Virginia-based staffing firm and the other a freight brokerage firm operating out of Texas, Oklahoma and Mississippi.
The...
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Amerisource Funding announced the closing and funding of a $500,000 revolving line of credit for a Florida based healthcare IT staffing company. Proceeds of the facility are being used to finance growth and ongoing working capital needs. The company...
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November 28, 2016, 07:53 AM
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ExWorks Capital announced it provided $3 million in working capital financing to a professional services company. This Virginia based company specializes in IT services as well as consulting. The company's customer base includes federal government...
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October 07, 2016, 07:28 AM
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Access Capital has recently closed a new facility for $1 million with a New Jersey-based IT staffing company. The company provides a full suite of IT services to clients in media, publishing, telecommunications, and financial services. The borrower...
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August 23, 2016, 07:32 AM
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Aegis Business Credit has structured a $1.25 million accounts receivable credit line for an innovative staffing company serving the healthcare marketing. The additional working capital allows these staffing professionals to focus on providing...
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Access Capital announced the closing of a senior credit facility in the amount of $500,000 to a New Jersey based provider of temporary staffing solutions to the manufacturing and distribution industries The company, currently in only its second full...
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Access Capital recently closed a new transaction consisting of a revolving credit facility of $1.75 million and term loan totaling $100,000. The borrower is a staffing company specializing in the light industrial sector. The company, headquartered...
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February 08, 2016, 07:37 AM
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BMO Harris Bank’s Asset Based Lending group announced it acted as the Sole Lender for a $45 million senior secured revolving credit facility to Most Valuable Personnel (“MVP”). MVP provides light industrial staffing services out of 27 offices mainly...
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January 08, 2016, 06:46 AM
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Bibby Financial Services announces a $1 million factoring facility provided to a national labor subcontracting company. The company provides skilled, semi-skilled and specialty labor to businesses in a variety of industries across the country.The...
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December 15, 2015, 07:14 AM
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Federal National Commercial Credit (FNCC) announced the recent funding of a $2.5MM asset-based line of credit to a three-year old temporary staffing company located in Southern California. This new client was in need of a larger credit facility and...
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October 06, 2015, 07:09 AM
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MidCap Business Credit announced it has completed a $3.5 million revolving line of credit to a technical staffing company. The credit facility is supported by advances on accounts receivable. In addition to refinancing the previous lender, the...
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August 26, 2015, 07:53 AM
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Access Capital has closed a senior secured credit facility in the amount of $3.25 million comprised of a $3,000,000 working capital revolver and a $250,000 Term Loan. The new borrower provides janitorial and building maintenance, general labor, and...
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August 24, 2015, 07:56 AM
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TAB Bank announced it has provided a $5 million revolving credit facility for a healthcare staffing company located in the Mid-Atlantic region. The company has built healthcare clinics and deployed more than 65 categories of health personnel to...
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Main Street Capital Corporation recently led a new portfolio investment totaling $17.4 million of invested capital in HW Temps LLC, with Main Street funding $13.9 million of the investment. Main Street's investment in HW included a first-lien, senior...
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Prospect Capital Corporation announced it provided Global Employment Solutions, Inc. (“GES”), an existing portfolio company of Prospect, with an incremental $22.4 million of first lien senior secured floating rate debt to support the acquisition of...
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Hitachi Business Finance announced a $750,000 asset-based lending facility for a Midwest staffing company that provides IT, engineering, accounting, and skilled and unskilled corporate staffing.The company needed of a new source of working capital...
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Access Capital has closed a $2 miliion working capital credit facility with a woman-owned legal staffing services provider based in Philadelphia. The company provides corporations, law firms, and government entities with attorneys, legal search...
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Bibby Financial Services announced a $6 million asset-based lending facility provided to a major staffing firm headquartered in the Southern United States. The firm specializes in matching enterprise resource planning (ERP) consultants with companies...
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Access Capital closed a credit facility comprising of a $2.4 million revolver and a $350,000 term loan. The transaction was structured in order to finance an asset purchase and provide ongoing working capital. The borrower is a newly formed...
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Lighthouse Financial Corp. announced it has provided a $3.5 million revolving line of credit to a North Carolina based professional search and staffing firm. With more than 20 years of experience, the company's goal is to grow organically and through...
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SVBusiness Capital has announced the issuance of a $1.2MM revolving line of credit and a $300M term loan to a California based staffing company. The proceeds were used to cure a Federal tax lien as well as to support the company's growing base of...
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Labor SMART, Inc. announced that it has increased its working capital line of credit.
Labor SMART, Inc. amended its existing credit facility with Transfac Capital to increase the maximum available borrowing capacity from $2.0 million to $4.0 million...
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January 15, 2015, 07:41 AM
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Access Capital has closed a $1 million credit facility to a New York based professional recruitment agency specializing in the placement of candidates in permanent, contract and temporary positions within the financial services industry. The...
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December 16, 2014, 07:16 AM
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Amerisource Funding announced the closing and funding of a $1 million line of credit for a multi-state staffing agency operating throughout the Midwest. The company provides professional staffing services for the manufacturing, construction...
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November 19, 2014, 07:04 AM
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First Capital, a specialized commercial finance company, announced that it has provided a $4 million asset-based senior credit facility to a provider of IT staffing personnel. The senior credit facility consists of a $4 million working capital...
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October 15, 2014, 07:42 AM
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Access Capital has closed a $1 million credit facility comprised of a revolver of $750,000 against accounts receivable and a term loan of $250,000. The new borrower is a California based company that provides technical and IT staff augment solutions...
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October 13, 2014, 07:22 AM
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Republic Business Credit announced today that it has provided a $3.5 million accounts receivable facility to a fast growing Midwest based temporary staffing business specializing in the automotive sector. The business was previously constrained by...
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August 26, 2014, 07:34 AM
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Access Capital has closed a $2 million credit line to a woman-owned enterprise based in New Jersey. The borrower works with government and corporate clients to provide healthcare, IT, and telecommunications personnel. The company opened its doors...
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August 01, 2014, 07:04 AM
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Allied Affiliated Funding announced it has provided a $600,000 accounts receivable financing facility for a New Jersey-based, early stage IT staffing and software development company. The company build websites and apps and was seeking a financing...
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TAB Bank announced it has provided a $750 thousand credit facility for an IT staffing company located in the Northeast. The company offers a wide range of services including custom application development, systems & applications integration, web...
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Access Capital has closed a $1.5 million credit line to a Florida-based company specializing in the placement of professionals in the legal sector, primarily, court reporters, videographers and translators for attorneys and parties involved in legal...
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Amerisource is pleased to announce the closing and funding of a $500,000 revolving line of credit for an IT staffing firm headquartered in California. Proceeds of the facility were used to finance ongoing working capital needs.
Founded in 1984 and...
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Access Capital has provided a $1 million line of credit to a New York City based company that provides recruitment consulting services. The new borrower specializes in placing digital media, accounting and financial professionals and is led by a...
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February 05, 2014, 07:16 AM
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Keltic Financial Services announces the recent funding of a $6 million senior secured revolving line of credit to General Employment Enterprises, Inc. Headquartered in Chicago, General Employment has been in the business of finding career...
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January 23, 2014, 07:27 AM
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Allied Affiliated Funding announced the following recently closed transaction:A $2 million credit facility to a start-up staffing company that focuses on skilled labor needs in the North Dakota market. Because of their rapid start up and incredible...
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January 09, 2014, 03:51 PM
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Access Capital has provided a credit line of $1.25 million to a California based staffing company specializing in the placement of temporary employees and permanent placement services for clients in the wine, pharmaceutical, food processing and other...
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December 23, 2013, 06:53 AM
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Amerisource announced the closing and funding of a $500,000 A/R factoring facility for an employment agency service based in North Carolina. Amerisource was introduced to the company by its consultant in an effort to improve the Company’s growth...
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November 20, 2013, 07:10 AM
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Amerisource announced the closing and funding of a $1 million A/R factoring facility for an IT and administrative staffing agency based in Arizona. The company had been financed by the ABL division of a large bank, but the company's borrowings were...
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October 02, 2013, 09:02 AM
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Golub Capital announced that as sole bookrunner and administrative agent it provided a $67 million GOLD financing to support the refinancing of PreCision Dermatology, Inc., backed by a syndicate of private equity sponsors including Essex Woodlands...
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September 24, 2013, 07:42 AM
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Amerisource announced that its ABL division, Amerisource Business Capital, closed and funded a $6 million revolving credit facility for BaronHR, Inc., a nationwide staffing company based in Delaware. The company had previously been factoring its...
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September 24, 2013, 07:28 AM
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Labor SMART, Inc. announced it has secured a $2 million dollar finance facility with San Francisco-based Transfac Capital. The company will use the new facility to supplement working capital during times of rapid growth and expansion. The finance...
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August 06, 2013, 07:31 AM
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Federal National Commercial Credit provided working capital financing lines to three small businesses, totaling $4.6 million. The deals include:
$4 Million Government Contract Funding Line for a Health Care IT and Training Services Firm
$250,000...
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AMN Healthcare Services, a provider of healthcare staffing services, announced that the amendment of its credit agreement, which reduces the interest rate on the term loan to a floating rate upon either a LIBOR (with a floor of 0.75%) or a base rate...
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