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News Stories (33 Results) - Staffing Services

Sterling National Bank’s Asset Based Lending Group provided senior secured credit facilities totaling $32,000,000 to Butler America Holdings Inc.Founded 46 years ago, Butler is a provider of outsourced specialty staffing services to large and... Read Story

October 09, 2019, 08:55 AM

SG Credit Partners provided $2 million in second lien growth capital to a founder-owned staffing company that provides a full suite of employment solutions to IT, life sciences, and business services clients.The Company had realized strong revenue... Read Story

May 09, 2019, 08:55 AM

The president of a Pennsylvania staffing company was sentenced to 36 months in prison for defrauding a commercial finance lending company out of more than $400,000, New Jersey U.S. Attorney Craig Carpenito announced.Jeremy Hare, 48, of Philadelphia... Read Story

May 06, 2019, 09:04 AM

Amerisource Business Capital announced the closing and funding of a $10,000,000 credit facility for an IT staffing company based in California. Proceeds of the facility were used to refinance existing bank indebtedness and provide additional working... Read Story

March 05, 2018, 06:57 AM

Gibraltar Business Capital announced the launch of a new service line dedicated to the unique needs of the staffing industry. “Gibraltar has experience managing the financial needs of staffing agencies across a wide range of industries,” explained... Read Story

September 12, 2017, 07:14 AM

Kforce Inc., a provider of professional staffing services and solutions, announced it has completed a new $300 million revolving credit facility with a syndicate led by Wells Fargo Bank, N.A. The new credit facility, which expires in May 2022... Read Story

May 26, 2017, 07:23 AM

Access Capital announced it has provided a revolving credit facility of $3 million and a term loan of $200,000 to an IT staffing company based in San Diego, CA. The company has been operating for nearly 15 years placing permanent and temporary... Read Story

December 01, 2016, 07:19 AM

Franklin Square Capital Partners announced an upsizing of its senior secured unitranche loan to support the merger of Air Energi Group Limited with Swift Worldwide Resources Limited, a portfolio company of the New York-based middle market private... Read Story

April 05, 2016, 07:46 AM

Monroe Credit Advisors announced that it placed a $25 million senior secured credit facility for SafeGuard World International (“SafeGuard”). SafeGuard is a leading international provider of global payroll, employment outsourcing and human resources... Read Story

March 15, 2016, 07:47 AM

TCF Capital Funding ("TCFCF"), the Chicago-based cash flow and asset-based lending division of TCF National Bank, announced that it provided financing to support United American Security (“UAS” or the “Company”), a portfolio company of LaSalle... Read Story

December 03, 2015, 07:35 AM

CDI Corp. entered into a new secured credit agreement providing for up to $150 million in revolving loans. Bank of America, N.A., acted as administrative agent, joint lead arranger and joint book-runner. Bank of Montreal acted as joint lead arranger... Read Story

November 05, 2015, 07:57 AM

Franklin Square Capital Partners announced the origination of a new $150 million senior secured loan to Healthcare Staffing Services, Inc. (HSS). Headquartered in Denver, CO, HSS is a leading healthcare staffing firm that specializes in providing... Read Story

October 13, 2015, 08:07 AM

Prospect Capital Corporation provided System One Holdings, LLC, a portfolio company of MidOcean Partners, with an incremental $11.8 million of first lien senior secured floating rate debt to support the acquisition of AECOM's quality programs... Read Story

July 14, 2015, 07:26 AM

Crystal Financial announced the closing of a $12.5 million Senior Term Loan for Aquent, a subsidiary of TRI Ventures, Inc. (“TRI”). Headquartered in Boston, Aquent is the market leader in temporary staffing and outsourced project development in the... Read Story

June 18, 2015, 07:26 AM

On Assignment, Inc., a leading global provider of diversified professional staffing solutions, announced today that it has signed a definitive agreement to acquire privately-held Creative Circle, LLC for $570 million in cash and equity, and up to an... Read Story

May 11, 2015, 07:32 AM

Staffing 360 Solutions, Inc. announced that the company consummated a $25 million revolving credit facility and $3 million term loan with MidCap Financial, which is managed pursuant to an investment management agreement by a subsidiary of Apollo... Read Story

April 10, 2015, 07:10 AM

Citizens Bank announced, in its role as joint lead arranger and co-collateral agent, that it has closed on $180 million in financing to support Santa Barbara, Calif.-based Select Staffing’s merger with Atlanta-based EmployBridge. “Citizens was able... Read Story

March 18, 2015, 07:52 AM

Bank of America Business Capital announced it has provided a £115 million credit senior secured facility to Hewden Stuart Limited. The proceeds will be used to refinance existing indebtedness, support working capital and capital expenditure... Read Story

February 23, 2015, 08:06 AM

Ares Commercial Finance has funded a $9 million senior secured revolving line of credit to Surge Staffing, LLC.  Surge Staffing, LLC operates a Staffing and Human Resources solutions company offering a wide variety of services and support, including... Read Story

February 20, 2015, 07:14 AM

TAB Bank announced it has provided a $2 million revolving credit facility for an IT staffing company located in the Northeast.  The company specializes in all areas of IT Solutions, IS Security, IT Staffing, and Integrated Business Solutions.  They... Read Story

February 19, 2015, 07:39 AM

Kforce Inc., a provider of professional staffing services and solutions, has entered into a Third Amendment to its current credit facility with a syndicate of banks led by Bank of America and also including Wells Fargo, JPMorgan Chase and BMO Harris... Read Story

December 24, 2014, 07:13 AM

Corporate Resource Services, Inc. announced that it has retained the investment banking firm, Carl Marks Advisors, to advise the company on refinancing its current credit facility.    Corporate Resource Services, Inc. is a diversified technology... Read Story

December 19, 2014, 07:06 AM

Schumacher Group (SG) announced that it recently raised $120 million in senior credit facilities. The transaction was led by GE Capital, Healthcare Financial Services. GE Capital Markets and Fifth Third Bank acted as Joint Lead Arrangers and Joint... Read Story

September 09, 2014, 07:44 AM

NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced it has provided a $13.5 million revolving credit facility to Quantum Management Services Group (“Quantum”).  Established in 1968, Quantum is one of the largest... Read Story

September 02, 2014, 07:42 AM

Siena Lending Group LLC (“Siena”) announced the completion of a three year, $10 million senior secured revolving credit facility for Hudson Global Resources Management, Inc. (“Hudson”). The facility will be used to repay the company’s existing lender... Read Story

August 13, 2014, 07:17 AM

Staffing 360 Solutions, Inc. announced an increase of its credit facility up to $15 million with Wells Fargo Bank N.A. The amended credit facility expands a previously existing facility with Wells Fargo Bank and the company's subsidiary, Monroe... Read Story

August 12, 2014, 07:42 AM

Bibby Financial Services announced that it has funded a $3 million factoring facility for a Maryland-based temporary staffing agency. The company, established in 1988, offers payroll services and temporary staffing recruitment for supporting roles... Read Story

June 26, 2014, 07:09 AM

Monroe Capital LLC announced the funding of a $35 million unitranche credit facility to support the refinancing and growth of SNI Companies, Inc. Based in Des Moines, Iowa, SNI Companies is an award-winning provider of professional staffing in the... Read Story

April 02, 2014, 07:41 AM

Amerisource announced the closing and funding of a $1.6 million credit facility for a business intelligence and IT services staffing and consulting company based in Georgia.  The company was referred to Amerisource by its previous lender when the... Read Story

October 28, 2013, 07:17 AM

Bank of America Business Capital announced it has provided a new $85 million credit facility to Seaton Corp. Proceeds will be used to refinance debt and support working capital, and the facility has been structured to increase seasonally to fit the... Read Story

September 24, 2013, 07:51 AM

Engility Holdings, Inc. announced that it has replaced its existing $400 million senior secured credit facility with a new $450 million senior secured credit facility. Bank of America, N.A. continued as administrative agent for the new credit... Read Story

August 13, 2013, 07:49 AM

Transfac Capital, Inc., a specialty finance company providing accounts receivable financing to small and mid-sized companies, announced the payroll financing of a multi-location staffing firm based in Georgia.Mari Dezham, Account Executive Manager of... Read Story

August 08, 2013, 07:06 AM

On Assignment, Inc., a leading global provider of diversified professional staffing solutions, announced today that it has closed on a new $500 million credit facility, which is a refinancing of the previous credit facility. The new $500 million... Read Story

May 17, 2013, 07:44 AM