Date Funded: Feb 15, 2019
Facility Amount: $700,000 Term Loan
The Company: The company provides staffing services for airlines and airports in the Northeast.
The Issue: The company was looking for additional funds for a letter of credit to secure a new five year contract with a key customer.
The Solution: AllCap was able to help facilitate this request and provide a $700,000 term loan to provide the funding for the letter of credit.
The Win: This new contract helped the company with their continued growth plans and garner more business for the future.