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Staffing Company-Health care professionals – Southeastern Commmercial Finance

Staffing Company-Health care professionals



Working Capital Line of Credit secured by Accounts Receivable

Staffing Company-Health care professionals

Staffing company specializing in the training of health care professionals with implementation of electronic medical recording. The owner of the business was using personal funds to finance the working capital needs of the business and to fund growth. The owner was looking to recoup his personal investment in the business and to fund rapid sales growth that was expected in the coming months due to new contracts. Southeastern Commercial Finance partnered with the referring community bank to discuss options. The result was that the referring community bank was able to gain the depository relationship in addition to providing Real Estate loans to the Company as well as the owner of the business. Southeastern was able to provide a $2,000,000 Working Capital facility secured by Accounts Receivable that allowed the owner to recoup his personal investment in the business in addition to providing additional availability for future growth.