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REV Capital funded a $7.5MM factoring facility to a temporary staffing company in Tennessee. 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 $2.5MM seasonal accordion.
This deal marks the sixth large 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” says Mark Dubs, President East Division.
Daniel Stacy, EVP Business Development, adds “I’ve never seen a buyout this size be completed so quickly and efficiently, and our client was very satisfied. 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.”
REV Capital is a rapidly growing financial factoring company and asset-based lender with seven offices across North America. They are leading providers of trustworthy, transparent, and reliable cashflow solutions that provide clients with financial stability and opportunities for growth. For more information visit www.revinc.com
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