Hedaya Capital Provides $750,000 Factoring Facility to Support Expansion

The Hedaya Capital Group recently provided a $750,000 Factoring Facility to a Texas-based IT staffing and software consulting firm, which works with Fortune 500 companies on both a temporary and permanent basis. A rapidly growing company, it specializes in staffing, design, development and maintenance of high-end business-enabling IT systems, serving as a long-term partner to help clients achieve strategic objectives. 

IT staffing companies nationwide are experiencing significant growth as clients increasingly adopt emerging technologies, including AI, IoT, cloud computing, and other cutting-edge IT solutions, which typically yield stronger margins. The Company is committed to delivering innovation in new markets, increasing revenues in existing markets and keeping current clients ahead of their peers. Recently, several of their clients began expanding while older clients re-engaged. The surge in demand placed pressure on their ability to provide increased services, while creating cash flow constraints due to Net 60- and Net 90-day client payment terms, making weekly payroll particularly challenging.

To better manage their working capital, the Company sought a receivables factoring solution. Its founder, who previously worked with David Huber — now Hedaya’s Vice President, Portfolio and Operations Manager — reached out to him to explore options. Huber and his team conducted due diligence quickly and structured a $750,000 factoring facility to support the Company’s continued growth.

“I can’t speak more highly of this client; he is an absolute pleasure to work with, extremely professional, and open to suggestions,” said Huber. “Company leadership is excited to build this relationship long-term with the goal of expanding the facility significantly. We are pleased to offer our expertise in the staffing sector to this talented entrepreneur and his management team.”

The new facility will enable the Company to expand its current client relationships, onboard new ones, and continue its growth trajectory. Remaining true to their 360° approach to help businesses grow, Hedaya is connecting the Company to additional business resources to help enhance reporting and bookkeeping capabilities and better mitigate risks.