Case Study: Securing Success Through Staffing Payroll Funding & Partnership

By: Maryanne Gustkey

Maryanne’s four decades of experience in staffing payroll funding, credit, collections, and factoring make her an invaluable asset to her clients.

Without staffing payroll funding, one of the nation’s fastest-growing security guard companies struggled to achieve its goals. Known for its innovative strategies and excellent service, this California-based firm has always strived for excellence. This set our client apart as an industry leader, and they needed support to make good on their promises. Our team stepped in with the financial and business support this young, hungry team needed to succeed.

How Staffing Payroll Funding Helped One Security Guard Company Double Its Growth

The Challenge

Access to reliable financial support is crucial for staffing entrepreneurs. Our client previously worked with a funding provider that had a maximum limit, halting new business opportunities and growth. Their funding provider was uncomfortable raising this limit, so they couldn’t purchase necessary items or accept new contracts. “When you have access to funds, you can hunt for more work,” says one co-owner.

Additionally, they needed to pay their staff on time to maintain the high-quality services promised to clients. Due to inadequate funding, timely staff payments became a challenge and risked the loss of talented workers. “Being able to pay our staff on time results in better quality work,” highlights the other co-owner.

The Solution

The California-based security guard company found a strong partner and impactful solutions with our team. We approved debtors that the previous funding provider couldn’t, allowing the client to accept more contracts. New opportunities included city service contracts they had to previously turn down. Our team also provided a larger line of credit, which our client used to grow faster and take on more business.

Feature Services for This Client

We also helped streamline their back office by bringing in a Professional Employer Organization (PEO) to manage workers’ compensation and payroll. With the help of our Senior Director of Strategic Initiatives, our client is now expanding into minority and government contracting through a sister business.

“Encore Funding isn’t just a funding source; they are strategic partners who have stood by us, ensuring that our operational gears are well-oiled and running smoothly.” – M.H., Co-Owner

 

The Results of Staffing Payroll Funding 

Since partnering with our team in May 2023, our client’s growth trajectory has significantly accelerated. Most notably, they’ve doubled annual sales thanks to enhanced financial stability and increased operational capacity! This substantial growth helped them successfully secure and manage a larger volume of contracts. They now provide services to many clients in the state and government sectors, which were previously out of reach due to financial constraints.

With the expanded line of credit from our team, the client invested in essential resources and infrastructure. This led to improved service delivery and client satisfaction, further solidifying their reputation as a leader in the security industry. Additionally, the firm paid staff on time, resulting in higher employee morale and retention rates.

The company’s confidence has soared because they now have the financial stability to take on big projects.

“Confidence starts with understanding that you will be able to maintain the money required to operate large-scale contracts. Our partnership with Encore Funding has been a cornerstone of our stability and growth. Their tailored financial solutions and understanding of our business needs have allowed us to remain a step ahead, even in tough times.” – H.T., Co-Owner

This client’s collaboration with Encore Funding has been game-changing. They’ve risen above their past financial constraints to achieve significant growth. We’re proud to provide dependable staffing payroll funding and strategic consulting so staffing entrepreneurs can capitalize on new business prospects. Ready for a success story of your own? Apply here to achieve your vision of success!

Posted in Staffing Case Studies