SLR Business Credit (SLRBC) funded a new senior secured credit facility for Lyneer Staffing Solutions (LSS).
With sales projections of over $500 million for 2025, LSS needed a lender with direct experience in the staffing space that did not need to go through a learning curve to address its needs.
“We were able to work directly with management, the company’s PEO and prior lender to find a workable solution that met the cash needs of the company and our collateral requirements. This allowed LSS to be on a path to meet their goals in ’25,” Daniel Tortoriello, executive vice president of SLRBC, said. “LSS has over 100 locations, 300 internal employees, and between 9,000 and 15,000 temporary workers. We at SLRBC do not take this lightly and appreciate the opportunity to work with LSS and fund future growth.”
“We were looking for a lender that had staffing experience and that could be flexible with our lending needs,” Jim Radvany, chief financial officer of LSS, said. “SLRBC designed an aggressive and flexible lending facility that matched all the key points we were looking for. The entire closing process was very easy, and we got it done quickly. I cannot say enough good things about SLRBC and their team.”
