AB Staffing l Bibby Financial Services

AB Staffing Solutions

Specializes in the temporary contracting of physicians, registered nurses and other allied health professionals across the United States.

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Actual Client Video Testimonial

Bibby Financial Services supported its growth, increasing the facility from $750,000 to $4.5 million.

-AB Staffing Solutions ()
  • Product: Factoring
  • Location:  Gilbert, AZ
  • Industry:  Staffing

 

The Challenge

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. 
 
 
 
The Solution

As an alternative to an extension, AB Staffing’s bank suggested accounts receivable financing to help the company fuel growth. Bibby Financial Services stepped in with a more flexible cash flow solution.
 
Bibby Financial Services provided a non-notification accounts receivable facility tailored to suit AB Staffing’s needs. The financing boosted the company’s cash flow without the hassle of disclosing its source of financing to its clients. 
 
 

The Result

AB Staffing was able to take advantage of many growth opportunities while it was a BFS client due to its improved cash flow. The company maintained an annualized growth rate of 50% for multiple years. Bibby Financial Services supported this growth, increasing the facility from $750,000 to $4.5 million. 

Factoring

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asset backed lending

Asset Based Lending

Tap into your company’s assets to generate the cash you require