Situation:

This New Jersey client provides skilled nurses to hospitals throughout the northeast United States. They had to pay their nurses every week, but hospital administration systems took 60 days on average to pay our client. Our client needed to find funds to pay the nurses while they waited for the hospitals to pay them.

Solution:

Quick $2,500,000 Accounts Receivable Facility to bridge the gap and meet the nurses’ payroll.

Results:

Seamless cash stream to meet payroll and business growth.