Entrepreneur Growth Capital Provides $3,000,000 to Staffing Company

Entrepreneur Growth Capital (“EGC”) is pleased to announce the closing of a $3 million asset-based line of credit to a 10-year old, Chicago-based, staffing company (“the Company”) known as a digital talent marketplace.

After years of missing projections and tripping covenants, the Company’s long-time banking partner decided to call its loan. The venture-backed company chose EGC for its flexibility, speed and a successful prior experience with another portfolio company.

Dean Landis, CEO of EGC, stated “After years of disappointing performance, one of the lead investors took the reins. The turnaround is slow but tangible and we have confidence in management and the company’s prospects.” The new CEO added “Our customers love us; our investors have confidence in us; and now our lender is enthusiastic to work with us. We look forward to a long and rewarding relationship with EGC.”

About Entrepreneur Growth Capital (EGC):

EGC is a privately held specialty finance company providing asset-based loans from $1 to $20 million. EGC provides revolvers and term loans to companies that either are not ready for, or choose not to pursue, traditional bank financing. Throughout its 89-year history, EGC has always served small and middle market borrowers and prides itself on flexibility and direct access to decision makers. For more information, visit www.egcap.com or call 212-838-4858.