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ENGS Commercial Capital, LLC Provides $1 Million Accounts Receivable Factoring Facility for Medical Staffing Services
September 16, 2020
Source: ENGS Commercial Capital, LLC
Challenge: An Atlanta-based medical staffing service was looking for additional working capital, as well as back office support. The business had been funded by their parent company since inception but was now looking to branch out with their own facility. Historic losses meant a bank line was out of the question. After pursuing a working capital line with other funding sources without success, they turned to ENGS for a financing solution that would not only support their cash flow needs but also help them manage their receivables more effectively.
Solution: ENGS was able to establish a $1,000,000 Accounts Receivable Factoring facility to assist with the company’s cash flow needs. In addition, ENGS worked with the company and its customers to put in place a seamless receivables management process that will allow the company to better service its customers. Now the company can move forward confident that they will have adequate cash flow to pursue growth opportunities without the administrative burden and overhead expense that comes with implementing a back-office system.
Regardless of the situation, ENGS’ flexible financing options, including expert back office support, can be put in place quickly to meet almost every need. Contact us today to tailor a full-service funding solution designed to move your business forward.
Contact Us today to learn more about how our finance solutions are
ENGS Commercial Capital, LLC
3000 Riverchase Galleria, Suite 800
Birmingham, AL 35244
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