Staffing Company

May2017Staffingheader

$2,000,000

Accounts Receivable Working Capital Line of Credit

Staffing Company

South Alabama

After a drop in revenue in 2016 due to a change in the Company’s business model, the Company was looking for an increase in their current working capital facility to handle expected growth in 2017. Due to the difficult year in 2016, the Company’s current bank was unable to provide the size of line needed to handle the expected growth. After an initial conversation with the banker and a meeting with the Company, Southeastern was able to propose, complete a collateral audit, and close within the time frame expectations of the customer.  The borrower was pleased with their banker for finding a solution in Southeastern.