LSQ originated a $30 million accounts receivable credit facility for a New York-based staffing company.As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management. “The market...
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December 09, 2024, 06:00 AM
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Finding the right financial partner is critical for every company but especially for start-ups, which is why an East Coast temporary staffing firm sought out an industry expert in Republic Business Credit. By partnering with Republic, the temporary...
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November 22, 2024, 06:00 AM
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Porter Capital provided an $8 million credit facility to a Boston, MA-based staffing agency specializing in life sciences, renewable energy, and information technology. This infusion of capital will support the company’s efforts to expand its...
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October 30, 2024, 07:48 AM
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eCapital Corp. completed a $50 million confidential factoring facility for a prominent staffing company specializing in power and energy. The company, which utilizes advanced technology and a client-centric strategy to simplify hiring and attract top...
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October 21, 2024, 08:00 AM
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A California-based, national staffing firm wanted a new financing partner after its incumbent bank opted not to renew its current line of credit due to the size of the credit facility, as the bank chose to focus on mid-market clients. The company...
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September 24, 2024, 07:42 AM
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LSQ recently originated a $3 million accounts receivable credit facility for an IT staffing firm.The company was referred to LSQ by a banking partner that was unable to support funding facility increases. As part of the partnership, LSQ will also...
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July 31, 2024, 07:30 AM
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Culain Capital announced the structuring of a $500,000 accounts receivable financing facility for a leading temporary placement staffing agency. This strategic financial solution is designed to provide the company with the necessary working capital...
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July 31, 2024, 07:04 AM
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Alvarez & Marsal (A&M) has expanded its capabilities by acquiring London-headquartered executive search firm Wilkinson Partners. Tom Wilkinson, founder and CEO of Wilkinson Partners, will assume the role of Managing Director and lead the newly formed...
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July 18, 2024, 07:00 AM
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Rosenthal & Rosenthal completed a $2 million recourse factoring deal for a disabled veteran-owned business focused on providing staffing to local and state agencies. The New York-based firm was unable to increase its existing line of credit to...
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June 12, 2024, 07:49 AM
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Culain Capital announced the origination of a $1,000,000 accounts receivable financing to a prominent Texas-based workforce solutions company. This strategic funding will empower the company to enhance its operational capacity and continue delivering...
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May 24, 2024, 07:14 AM
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eCapital completed a $10 million factoring facility for a prominent Canada-based staffing company specializing in the recruitment and management of talent in the global energy sector.Established in the 1970s, the staffing company swiftly ascended to...
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May 16, 2024, 07:49 AM
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Republic Business Credit provided a $6.75 million asset-based loan to an award-winning temporary staffing company that outgrew its current bank lender. The Tennessee-based company provides staffing solutions for light industrial, administrative...
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April 17, 2024, 07:47 AM
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SLR Business Credit funded a $50,000,000 ABL revolving line of credit for a tech-enabled staffing platform. The funds will be used to provide additional working capital for growth.The company had experienced some losses due to reduced demand....
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February 29, 2024, 07:57 AM
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Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp, closed a $130 million senior revolving credit facility to Access Capital, a commercial lender to the staffing industry. The three year facility includes a $30 million...
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November 16, 2023, 08:00 AM
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Wintrust Receivables Finance (WRF) closed a new $20 million account receivable line of credit for a Great Lakes-based temporary staffing firm. The Company is a preferred staffing agency for some of the nation’s leading employers within the industries...
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September 07, 2023, 07:26 AM
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Stellus Capital Management announced that its affiliates acted as administrative agent and provided senior debt financing and an equity co-investment in support of BV Investment Partners’ (“BV”) growth-oriented investment in The Hardenbergh Group...
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September 06, 2023, 07:00 AM
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Access Capital added Brian Richardson to its Business Development team as Senior Vice President, reporting to Raphael Torres, Head of Business Development. Richardson will focus on the Mid-Atlantic and Southeastern states expanding Access’s...
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June 08, 2023, 05:00 AM
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Access Capital announced that Raphael Torres of Fort Lauderdale has joined the team as Senior Vice President and Head of Business Development. Named a Forty Under Forty designee by SFNet in 2018, Raphael’s experience in asset-based lending spans...
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February 03, 2023, 07:47 AM
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Culain Capital Funding completed a $1,000,000 Accounts Receivable Factoring Facility with a startup Specialty Maintenance Staffing Company based in Texas. The specialty maintenance staffing company was started in 2022 to provide custom “stable...
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January 11, 2023, 07:00 AM
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White Oak Commercial Finance provided a $3 million factoring facility to a leading provider of temporary staffing and recruiting services with a more than 70 year history of family ownership successfully serving clients across the country.“We are...
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January 10, 2023, 07:58 AM
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Access Capital announced that Terry M. Keating has been named as its Chief Executive Officer. Keating has more than 30 years of senior management experience in the financial services industry, including most recently leading an asset-based lending...
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June 01, 2022, 08:00 AM
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eCapital Corp. named Raphael Torres its new Managing Director of Staffing, a key division of its Commercial Finance group. Torres will lead a specialized team of account management and operations professionals to support the unique financial needs of...
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May 05, 2022, 07:50 AM
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LSQ originated a $30 million credit facility for a security staffing and high-tech security technology company that serves clients across the United States. The company will use the additional capital to fund growth for its three business entities...
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February 10, 2022, 07:53 AM
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Sterling National Bank's Commercial Services Group provided senior secured credit facilities totaling $5,000,000 to Nextaff Group LLC. Headquartered in Overland Park, KS, Nextaff is a nationwide staffing agency, with each office locally owned and...
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March 18, 2021, 07:40 AM
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EDITOR'S NOTE: An earlier posting of this story contained an error in the headline, specifically the wrong borrower. We at ABL Advisor regret the error.
LBC Credit Partners provided senior secured credit facilities to support Silver Oak Services...
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October 23, 2018, 07:10 AM
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ARA, Inc. dba Lone Oak Payroll and its trusted partner TempWorks Software® are proud to announce closure of a $17,000,000 secured credit facility with Wells Fargo Capital Finance. The new facility will enable Lone Oak Payroll to expand its staffing...
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May 04, 2018, 07:11 AM
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