Seville Staffing Case Study l Bibby Financial Services

Seville Staffing

Supplies temporary workers to businesses and government agencies throughout Illinois.

staffing company funding

The factoring facility allowed Seville Staffing to finance its proactive new business strategy and advance to a significant milestone in its business, increasing both its client base and its workforce.

-Seville Staffing (Company)
  • Product: Factoring
  • Location:  Chicago, IL
  • Industry:  Staffing

 

The Challenge

Seville Staffing supplies temporary workers to businesses and government agencies throughout Illinois. Since 1979, customers have turned to Seville for administrative, office/clerical, logistics (“light industrial”) and skilled manufacturing workforce solutions. Seville Staffing won a major contract with a government agency that was large enough to be a “game changer” and put it on a strong growth trajectory. However, it was unable to obtain bank financing because of the sudden revenue impact, customer concentration, and length of the accounts receivable payments. Seville Staffing turned to Bibby Financial Services for funding based on the company’s ability to offer flexible funding solutions. 
 

The Solution

Bibby Financial Services provided a seven-figure factoring facility to finance the company’s receivables, tailored to accommodate Seville’s unique situation. 

 

The Result

The factoring facility allowed Seville Staffing to finance its proactive new business strategy and advance to a significant milestone in its business, increasing both its client base and its workforce. The true effect of the company’s relationship with BFS was evidenced when Seville Staffing was able to transition to a bank line of credit. Additionally, the company has been named one of Staffing Industry Analysts fastest growing staffing companies.
asset backed lending

Asset Based Lending

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

Factoring

Factoring

Funding for your invoices and receivables management service

Transportation Finance

Transportation Finance

Flexible funding for trucking companies and freight brokers