AB Staffing Solutions specializes in the temporary contracting of physicians, registered nurses and other allied health professionals across the United States. Most of the hospitals and clinics the company works with are government funded, including VA hospitals and Indian Health Service hospitals.
AB Staffing was in a cash flow crunch. Funding rapid expansion used up much of its cash reserves while the government was stretching payments out by as long as 90 days. Because of the overdue government invoices, AB Staffing’s bank was unwilling to extend its credit line. This was frustrating because it needed the capital to fund opportunities to continue its growth and increase profitability.