#USA #QualiFi #Engineering Staffing #Credit Facility #Wayne

QualiFi Secures $3.5 Million Credit Facility to Fuel Client Growth

QualiFi, a specialized boutique loan firm based in Wayne, Pennsylvania, has announced a significant breakthrough in its mission to provide innovative financial solutions. The firm has secured a credit facility amounting to $3.5 million for a key client in the global engineering staffing sector. This achievement signals not only the firm's growth but also highlights its commitment to enhancing the operations of businesses in need of tailored financial support.

The client, a robust engineering staffing company that generates around $25 million annually, operates across various industries, including automotive, rail, and medical services, spanning five continents. The necessity for capital was urgent as the company aimed to sustain its global expansion plans. Complications arose when their local banking partner was unable to renew their existing credit facility due to concerns over operational covenants, which put the client's operations at risk.

In standard banking practices, such re-evaluations can take anywhere from 30 to 60 days, leading to potential operational disruptions for affected businesses. Recognizing the urgency of the situation, QualiFi took decisive action to provide a timely and effective solution. Eddie DeAngelis, the CEO and co-founder of QualiFi, emphasized the importance of a customer-first approach, stating, "You can never go wrong by doing what's best for the customer. At QualiFi, we focus on what truly matters—getting our clients the capital they need to succeed, without the delays or hurdles that often come with traditional bank loans."

Thanks to QualiFi's swift and strategic response, the client not only secured the necessary funds but did so at a competitive interest rate of Prime + 1.5%. This financing arrangement is pivotal in ensuring the client can proceed with their global growth initiatives without facing interruptions.

The successful closure of this deal serves as another noteworthy achievement for Brian McAleer, Senior Funding Manager at QualiFi, who has experienced a record year with multiple successful transactions under his belt. Just a few months ago, McAleer facilitated a $7.5 million credit facility, and now adds this latest $3.5 million to his portfolio, marking a robust ending to 2024 for the firm.

"These successes are thanks to our great team," stated McAleer. "From working with trusted lenders to ensuring smooth processing, everyone plays a fundamental role in achieving the best outcomes for our clients."

For businesses looking for a quick and efficient way to secure financing without facing the typical challenges associated with banks, QualiFi offers a streamlined application process. Interested parties can visit QualiFi's LinkTree or apply online to explore fast financing options, with offers typically available within a 24 to 48-hour window, and without impacting their credit scores.

About QualiFi

Launched in 2022, QualiFi is dedicated to empowering small to medium-sized businesses (SMBs) with rapid access to cash. The firm specializes in assisting clients needing to manage payroll, resolve tax liens, handle delayed receivables, cover rapid growth through inventory purchases, and various other financial requirements. By focusing on the segments often underserved by traditional banks, QualiFi offers valuable support where it is most needed. Business owners can set up a line of credit as a proactive measure and learn more about available services at www.GoQualiFi.com.