Marco Provides a $750,000 Factoring Facility for a Legal Services Staffing Company

Marco Financial established a factoring facility for a New York based staffing company specializing in providing law firms with temporary legal personnel. Offering terms to its customers was stretching out cash flow and limiting the company’s growth. The client appreciated the quick turnaround time to open this account and said, “Marco seems to have things well under control, performing its due diligence and getting us our first funding efficiently.”

Barry Kastner, Marco’s EVP & Senior Managing Director added that “the challenge with this transaction was that the client commenced business last year, so there was little history to evaluate.  However, we were impressed with the company’s principal and his business model, and Marco’s experienced staff found ways to mitigate these issues and bring the deal to closing.” Jacob Shoihet, Marco’s CEO added, “We are delighted to support entrepreneurs with their financial needs. This facility is expandable as the client grows, and over the initial two-year term, this added flexibility will give them the fuel needed to support their growth.  From small exporters in Latin and Central America to US and Canadian business seeking cash flow, Marco provides customized solutions for each transaction it encounters.”

Marco is revolutionizing global trade by providing reliable, working capital for Latin American SMEs. Marco addresses the $350 billion financing gap in Latin America by developing an innovative and proprietary risk model that processes data in real-time to dynamically assess risk and mitigate capital loss. Its factoring approach to trade finance reduces risk and frees up cash, enabling underserved SME exporters to continue operations and invest in growth. Founded in 2020 by Peter D. Spradling and Jacob Shoihet, Marco is headquartered in Miami, FL with offices in New York and across Latin America. Marco is backed by Antler and Struck Capital, and its credit facility is underwritten by Arcadia Funds, LLC. For more information on how Marco can help power your exports with working capital, please visit marcofi.com.