We understand the unique challenges of the staffing industry, and can provide the financial support you need to help you manage growth, take advantage of opportunities, or to make payroll. Call 888.832.2867 to learn more.

Crestmark's long history with providing the staffing industry with asset-based financing has been strengthened since James Rothman has come aboard. We've developed a specialty division that will provide specialized staffing financing targeted to your needs. And unlike most lenders today, we offer a true borrowing-base certificate capability, an option not often seen for deals under $1 million. And with that, Crestmark offers the best of both worlds: a bank transaction with the flexibility of a specialty lender.

From timely, easy-access funding to flexible, creative support services, Crestmark provides solutions staffing companies need to manage growth and take advantage of opportunities.

• Traditional bank lines of credit
• Payroll funding
• Traditional factoring
• Front and back office solutions
• Workers compensation captive insurance
• Workers compensation insurance premium financing
• Acquisition funding
• Term loans

Traditional bank lines of credit   When you are in the market for a line of credit over $500,000, we can help. We have tremendous flexibility in structuring a finance program to achieve your unique business goals. And because we specialize in the staffing industry, we understand your needs.

Payroll funding   Generally includes a higher advance rate, no financial covenants, and no restrictions that prohibit shareholder distributions as long as your company remains solvent. Best of all, it offers greater growth potential. We can help you grow your company with unlimited payroll funding, whether you are a start up or a multi-million dollar operation. 

Traditional factoring  With our traditional factoring program, Crestmark purchases your invoices in the normal course of business and assumes the credit risk on approved customers. Don’t get confused by other lenders that say they are factoring but do not provide credit protection. For the same price or less, we will absorb credit losses. Even better, by outsourcing your credit and collection departments and having our team of highly professional credit managers do what they do best, we leave you to do what you do best. Unlike other factors, we provide you with online daily detailed documentation confirming all the activity of your account with us including receipt of your invoices, advances, customer payments, and other reports relating to your activity.

Front and back office solutions  When it comes to giving staffing companies a front and back office, do-it-all, turnkey resource for success, no one does it better than Crestmark. Our front- and back-office program covers the complete accounting and administration process, including search and placement functionality, customer and candidate contact management, electronic time tickets, real time payroll and taxes information, and custom invoicing. We allow you to use your own local payroll accounts at whatever bank you choose and make it easier for your employees to cash checks with less hold periods. Our services are custom made to help you achieve maximum front and back office efficiency with minimum effort. It’s the outsourcing support you need to give your undivided attention to selling and serving your clients while your operations run without a hitch.

Workers compensation captive insurance  In response to the impact of rising workers compensation premiums, Crestmark works with the Assurance Group to bring workers' comp insurance to our qualified clients.

Workers compensation insurance premium financing  Crestmark is sensitive to the needs of clients struggling to keep up with workers compensation premiums. We help ensure that you can meet your premium obligations in a timely manner with loans that offer flexible terms and rate structures.

Acquisition funding  Industry consolidation and an influx of foreign companies starting domestic units have promoted mergers, acquisitions and rollups to a new level of activity. Crestmark can package acquisition financing to support your purchase or sale, swiftly, smoothly and with no wasted expense. We can even provide you with secondary financing as debt rather than equity, so that if you need additional financing above that amount, it will reduce the gap and save you from having to use extra equity to complete the deal.

Term loans  Crestmark can give you fast term loans designed especially for you by finance professionals who understand the staffing challenges you face. You will enjoy cash flow solutions with less "red tape" and fewer borrowing restrictions with terms and contract lengths that are flexible to achieve your short or long-term business goals. Many of our clients use these flexible term loans to open new offices and generate organic growth rather than paying premium dollars for acquisitions.

Contact me today for more information!

James Rothman, Executive Vice President; Group President, East Region
                           Call : 888.832.2867 or Email : jrothman@crestmark.com