Azadian Group provides $25K to New Mexico nursing staffing services company

The company was awarded a major contract to provide nurse staffing services to a nationwide network of hospitals and medical facilities, which has the potential to provide huge growth to this previously small business.

However, like many staffing firms, the company struggled with meeting payroll and expenses during the time between starting to provide services and invoicing customers and receiving payment.  The client had already factored its receivables with a national factoring provider but, due to the factor's 80% A/R advance rate limitations, there still remained a shortfall in working capital.

Wanting to help its valued client, the factoring company referred them to Azadian Group's Small Business Growth Fund, which promptly provided the funding, taking a second position to the factoring provider.