Culain Capital Funding closed and funded a $1 million accounts receivable factoring facility for a California-based staffing company providing permanent and temporary workforce solutions. The customized facility provides vital working capital to support the company’s rapid sales growth and increasing demand.
The company has experienced accelerating demand from clients seeking flexible labor solutions, particularly in warehouse and logistics environments where workforce needs can scale quickly. As the business secured larger contracts and expanded its customer base, management sought a financing partner capable of providing reliable working capital to support continued growth.
A trusted advisor introduced the company to Culain Capital. To meet the client’s needs, Culain Capital structured a flexible accounts receivable factoring facility designed to bridge the gap created by extended receivable payment cycles common in the staffing industry. The facility provides dependable access to working capital, enabling the company to support larger client contracts, maintain uninterrupted payroll cycles and continue expanding its operations.
“Our client has built a strong business delivering workforce solutions to companies that rely on dependable labor,” Jamie Franz, president of Culain Capital, said. “Staffing companies often face a timing mismatch between paying their workforce and collecting on invoices. We’re proud to partner with their team and provide the capital they need to support their growing client base.”
Dan Stacy, senior vice president at Culain Capital, added, “This company has built a strong foundation and just needed the right capital partner who could help them scale efficiently. We’re excited to provide the capital they need to expand their operations, take on larger contracts and continue strengthening their position in a competitive market.”
