Factoring Company Sticks with Staffing Company Through Financial Reorganization
In the spring of 2011 an ambitious mid-west based staffing agency knew they needed to change how they managed their finances. By the time they contacted Universal Funding they had tapped out a million dollar bank line and now owed payments. Simultaneously they were delinquent for over one hundred thousand dollars in back taxes for 941’s. The staffing company already had a payment plan in place with the IRS and was making payments on time. In reviewing the company profile,...
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