Founded only 2 years ago, this medical staffing agency had a growing customer list, but struggled with long payment terms that created a shortage of working capital. With limited operating history and no assets to borrow against, traditional lending was not an option.
They were referred to altLINE by their current bank. With competitive rates and zero hidden fees, we were able to structure a factoring facility that made sense to them, turning large outstanding invoices into cash at a manageable cost.
By moving to a bank-owned factor instead of a more expensive independent factoring company, the staffing agency was able to control financing costs and redeploy those savings back into growth opportunities.