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$4 Million Line for Staffing FirmChallenge: Two large, publicly traded customers of a high-tech, white-collar staffing firm filed Chapter 11 in the same year creating millions of dollars in bad debt and causing the loss of the staffing firm’s $3 million dollar bank credit facility. On the brighter side, the staffing firm was able to land a large, new and financially strong customer account. Though the new business was welcome, it significantly increased their financing needs. Solution: With a $4 million funding line, Federal National was able to pay off the bank and provide the additional financing required within a week. Other Success Stories$4 Million Line for Technology Solutions Provider $400 Thousand Line for Systems Development & Maintenance Provider $2 Million Line for Marketing Media & Management Services Firm $3 Million Line for Specialty Navy Contractor $500 Thousand Line for Facilities and Event Management Services Provider $1.5 Million Line for Facility Management and Logistic Support Services Firm |
