Wells Fargo Ups Staffing 360 Solutions Facility
Staffing 360 Solutions announced an increase of its credit facility up to $15 million with Wells Fargo Bank. The amended credit facility expands a previously existing facility with Wells Fargo Bank and the company’s subsidiary, Monroe Staffing Services.
The secured facility will support the ongoing working capital needs of the company. This announcement adds to the news of Staffing 360 Solutions’ revenue guidance, which is expected to be in excess of $26.8 million for the fiscal quarter ended May 31, 2014.
Staffing 360 Solutions is a public company in the global staffing sector.