Summit Meets Tight Deadline So Company Can Make Payroll
When a large staffing company needed funding in six days, Summit came through. This company provides translators and other staffing services for the U.S. Government overseas, and they pay bonuses based on each employee’s time in country. Their Q3 bonuses were due, and the company’s funding source was unable to provide the capital in time. Summit underwrote the deal and provided $1,000,000 in 6 days — a full day before funds were needed for bonus payout. Summit’s financing ensured this firm’s employees were rewarded for their efforts and commitment.
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