REV Capital funded a $7.5 million factoring facility to a temporary staffing company in Tennessee. The company provides temporary staffing, temp-to-hire and direct hire placements to several Fortune 500 companies. The company has seen tremendous growth in businesses over the past few years and needed to increase its existing facilities to facilitate its continued expansion.
The facility was provided just in time for the company’s busy seasons – Black Friday and Christmas Holidays. As part of REV’s commitment to excellence and flexibility, the factoring facility was coupled with an additional $2.5 million seasonal accordion.
This deal marks the sixth largest facility provided by REV’s commercial finance division in Q3.
“The more deals we close the more our referral partners begin to understand the benefits of working with a team of qualified professionals, like the ones at REV. We turn the files over quickly and provide our clients with industry leading customer service” Mark Dubs, president East division at REV Capital, said.
“I’ve never seen a buyout this size be completed so quickly and efficiently, and our client was very satisfied,” Daniel Stacy, EVP of business development at REV Capital, said. “We have hit the ground running right out of the gate and we hope to be able to make many more announcements before the end of the year.”
