A long-standing California-based staffing company was having issues with their current lender and was seeking a more partnered relationship. Many issues were raised in their current financing arrangement and the owners felt that it was time to make a change. While there were many competitors at the table, FSW Funding emerged as the best fit and was a lender that could meet their capital needs and high growth projections going forward.
FSW was able to use the resources and knowledge they had to get creative and close this transaction smoothly, and within the time constraints provided. The favorable terms, committed credit line of $5,000,000 (along with an additional accordion feature), and positive interactions had with all FSW employees involved made for an excellent transition in getting this opportunity funded successfully.
“We are ecstatic to have this growing staffing company on board! In addition to providing funding for our clients, we stress the importance of making all our clients feel like the relationship is a partnership,” said Managing Member and Founder Robyn Barrett. “We want to be there to grow with them and see them succeed! When we heard this company was not satisfied with the relationship and communication they were currently having with their lender, we knew we could help them out and treat them as they needed. It worked out that we also were able to get creative with the financing, all leading this to be a perfect match.”
FSW Funding was founded in 2001 with the goal of offering unique and affordable factoring programs to businesses across the country. Since that time, FSW has grown into a company with an annual volume of approximately $200 – $250 million funded and has carved out a niche for itself in the industry by providing innovative and flexible factoring and ABL programs to today’s businesses.