$2,250,000 Asset-Based Loan for Security Staffing Services

THE SITUATION
A growing security staffing firm was consistently reaching near their line limit with their current senior lender. The company needed a larger ABL facility and a equipment loan to properly finance its growing fleet of patrol vehicles.

THE LEADERSHIP
At Advantage, our number one criterion when evaluating an ABL opportunity is the strength of the operator. Over a series of conversations, Advantage gained insight into the ownership’s management style, growth objectives, financing needs, and what would be needed to support the company’s next phase of growth. Furthermore, their proven track record provided confidence that the company’s long-term vision and expansion plans were achievable.

THE SOLUTION
A $500K equipment backed term loan was proposed to lower their existing line of credit balance and finance vehicles over several years. In conjunction, a larger ABL revolving facility supported ongoing cash flow needs and new contracts, all while lowering the company’s overall financing costs. With this structure in place, the client gained the financial flexibility and liquidity needed to pursue its growth strategy with confidence, allowing management to focus on operational execution and securing new contracts.