[omegafund]

HR/Payroll service company.
Total YTD gross $20Million
Net: -150k
More details available.
Low credit low 600s
2014 corp reruns pl bank statements available

. NO real estate

Need $250-300K. Longest term available
NO brokers. must be familiar with payroll company
message me

[mcaguru]

Cresthill Capital has funded payroll and staffing companies! its a bit tricky since sometimes out of 1M a month in deposits -- 965K go to employees leaving very few as true revenue (for our kind of funding) but at times more can be treated as revenues.

we would be happy to take a shot.

[John Galt]

Marcus,
Why would an MCA be logical rather than factoring which is traditional in the staffing industry and where personal credit doesn't make up a lot of the model unless it's really, really bad? (said as a loyal Cresthill rep. as you just funded something for me recently and have some others pending, but also said as someone that does a lot of factoring for staffing co's thru Crestmark, AGR and Capital).
In addition since average markup from payroll (paid) to invoice (billed) is about 20% (light industrial) in staffing; unless IT, Engineering or Med, how would the customer be able to afford it? That was only staffing, a PEOs (Professional Employers Org) which is still not just basic payroll admin like an ADP or Paychex (because they provide the workers' comp too), markup is a pittance compared to staffing and just basis points. In other words, if they are only getting a 20% markup which his client is not even doing and is average, how will they pay an MCA rate? I posted this more towards staffing than just pure payroll admin.

[golf2014]

Some brokers have ability to place deal better for u n customer..life isn't about dollars n cents always

[omegafund]

HR/Payroll service company.
Total YTD gross $20Million
Net: -150
ending bank 125,000
More details available.
Low credit low 600s
2014 corp reruns pl bank statements available

. NO real estate

Need $250-300K. Longest term available
NO brokers. must be familiar with payroll company
message me

Deal still available. Ending balances 150,000
Never missed a payment current balance of advance 35k

[Chambo]

Marcus,
Why would an MCA be logical rather than factoring which is traditional in the staffing industry and where personal credit doesn't make up a lot of the model unless it's really, really bad? (said as a loyal Cresthill rep. as you just funded something for me recently and have some others pending, but also said as someone that does a lot of factoring for staffing co's thru Crestmark, AGR and Capital).
In addition since average markup from payroll (paid) to invoice (billed) is about 20% (light industrial) in staffing; unless IT, Engineering or Med, how would the customer be able to afford it? That was only staffing, a PEOs (Professional Employers Org) which is still not just basic payroll admin like an ADP or Paychex (because they provide the workers' comp too), markup is a pittance compared to staffing and just basis points. In other words, if they are only getting a 20% markup which his client is not even doing and is average, how will they pay an MCA rate? I posted this more towards staffing than just pure payroll admin.

Marcus is a BD rep. His job is to get you to submit. He doesn't care what would be most practical for the merchant, he is trying to get folks to submit to Cresthill

[freddy]

We recently funded a staffing company - using the process below.
We work with a variety of invoice factoring companies (IFC) to fund businesses. Works like an credit card split. On each invoice the IFC pays the business on, a specific amount is sent to us to pay down the funds. We currently work with seven factor companies and have the ability to set up businesses who qualify with IFC's. Feel free to reach out for more information

[Kevin Henry-Seacoast]

Omega,

$20mil staffing business is easily financed by factoring receivables. The advanced rates are pretty high and we can be very competitive on pricing. A staffing company this size so long as there are not too many challenges should not be paying more than low teens all in.
Happy to take a look....

Best,

Kevin