TSL Express Daily News
The Secured Lender
SFNet's 80th Annual Convention Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
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Potential Impacts of Blockchain on Commercial Lending
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
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A Commercial Banker’s Tickler Transition Plan
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Selecting a Technology Vendor: 3 Questions to Ask
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Why Back-Office Lending Automation Enhances Customer Satisfaction
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The Lost Art of the Loan Purchase
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Audit Prep: Why a Paperless Approach Makes Sense
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
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Paper Loan Files: Does Your Bank Know the True Cost?
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July 30, 2024
Source: Culain Capital
(Buffalo, NY) - Culain Capital is pleased to announce the structuring of a $500,000 accounts receivable financing facility for a leading temporary placement staffing agency. This strategic financial solution is designed to provide the company with the necessary working capital to support its ongoing growth and expansion efforts.
Dan Stacy, Senior Vice President at Culain Capital, played an instrumental role in identifying the company's specific financial needs. His expertise and dedication have ensured that the staffing agency has the resources required to continue its upward trajectory, delivering exceptional staffing solutions to its clients.
"We are thrilled to support the growth of this dynamic staffing agency through our accounts receivable financing facility," said Joseph Heim, Chief Credit Officer at Culain Capital. "Dan Stacy's keen understanding of the company's working capital requirements was crucial in structuring this facility, and we are confident it will significantly contribute to their future success."
The $500,000 financing facility will allow the staffing agency to leverage its accounts receivable, providing immediate access to capital that can be used to manage cash flow, meet payroll demands, and invest in further business development initiatives. This financial support is expected to enhance the company's ability to respond to market demands and seize new opportunities.
Culain Capital remains committed to providing innovative financial solutions that empower businesses to achieve their goals. This latest partnership underscores our dedication to fostering growth and success in the temporary staffing industry.
For more information about Culain Capital and their financing solutions, please visit www.culaincapital.com and contact Dan Stacy at 516.244.5590 or dstacy@culaincapital.com
About Culain Capital - Led by experienced, hands-on senior managers, Culain Capital is a leading provider of customized financial solutions designed to meet the unique needs of businesses that need fast, flexible working capital options beyond typical bank lending. Specializing in accounts receivable financing, asset-based lending, and other working capital solutions, Culain Capital is dedicated to helping companies improve their cash flow, support growth initiatives, and achieve their strategic objectives. A privately held company founded in 2022 by James Franz, Joseph Heim, Jim Jarosz and Fred Kulikowski, Culain Capital builds lasting relationships with brokers, business advisors and companies with financing needs by being responsive, transparent, easy to work with, and by providing direct access to decisionmakers.