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Recently, I’ve came across a few deals where my prospect has an asset based deal in place in order to fund the operations of their company. Simply put, asset based lending is a lending relationship where the lending is secured by the asset of a co...
New to the blogosphere I felt compelled to take one step back from my initial post and fill readers in on the basic fundamentals of my business (providing payroll funding w/ back office support) and factoring. In short, I am a former recruiter now...
Jerry, before you come in with the big thumb (I just know you're flexing it) I REALLY AM interested in hearing the opinions of others.
You know, I've been thinking lately that being able to extend your receivables to a customer is a HUGE ADVANTAGE to an organization, ESPECIALLY THESE DAYS. I am thinking about offering extended (to our best/credit-worthy customers) a 45 day net pa...
Should I use a funding or factoring broker? For any business owner-It's a valid question worth asking and one that deserves a lot of attention to detail when answering. Theoretically, using a broker should be the best option for a company looking ...
Profile Information
- Name:
- Daniel Stacy
- City:
- Levittown
- ZIP/Postal Code
- 11756
- State/Region (spell it out please, no abbreviations!):
- New York
- Country:
- USA
- How do you introduce yourself to people you meet in business?
- Currently Business Development Executive for Sterling Resource Funding Corp, which is a payroll funding and factoring firm specializing in the temporary staffing industry. We offer factoring of receivables, or full payroll funding with complete back office support. Whether your company is in start up mode, or well-established in the staffing industry, our firm can offer financing options to stay ahead of your payroll and other working capital expenses. We also fund search firms who place consultants on a temp or temp-to-perm basis. In business for over 25 years, we understand the staffing industry and the challenges business owners face on a daily basis. We provide unsurpassed service, and offer substantial flexibility with our funding programs.
Previously recruited in the financial and IT industries. Specialized in sales, marketing, business development, financial, and executive recruitment throughout the United States. Clients included banking, brokerage, and IT companies.
- What kind of networking are you open to?
- Open networking, Referrals between friends
- Who referred you to RecruitingBlogs.com?
- How many years have you been in the business?
- 2 - 4 years
- Which industries do you work in now?
- Financial
- Are you open to split placements
- yes
- Which online communities do you actively participate in?
- Which conferences do you plan to attend in the next year?
- ERE, Fordyce Forum, Kennedy, NAPS, Onrec, RecruitFest, Recruiting Roadshow, SHRM, SourceCon
- LinkedIN URL
- http://www.linkedin.com/in/dstacy
Daniel Stacy's Blog
ABL (Asset Based Lending) and why a staffing company should stay away from the stuff……..
Recently, I’ve came across a few deals where my prospect has an asset based deal in place in order to fund the operations of their company. Simply put, asset based lending is a lending relationship where the lending is secured by the asset of a company. In my industry (staffing) the asset is often the company’s account receivable but can include the building the company operates out of (if they own it) and/or office equipment (again if they own it). However, if the staffing agency’s AR looks a l… Continue
Posted on March 23, 2009 at 11:14am —
6 of 1, Half Dozen of the Other?
New to the blogosphere I felt compelled to take one step back from my initial post and fill readers in on the basic fundamentals of my business (providing payroll funding w/ back office support) and factoring. In short, I am a former recruiter now in the business of providing financial and business processing support to staffing companies across the country. Lately when speaking to prospects in the initial stages of dialogue the person I’m speaking to will often confuse my services with that of… Continue
Posted on February 23, 2009 at 10:54am — 1 Comment
Trust Me.....No Really
Should I use a funding or factoring broker? For any business owner-It's a valid question worth asking and one that deserves a lot of attention to detail when answering. Theoretically, using a broker should be the best option for a company looking in to payroll funding or factoring receivables. In a perfect world, any logical person would think that a broker who is well connected to funding resources would be able to keep his/her clients best interests in mind when connecting them with a potentia… Continue
Posted on February 17, 2009 at 11:00am — 2 Comments
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