Tailored factoring solution
How eCapital helped this GB Resources with their financing needs.
When a major client changes payment terms unexpectedly, the ripple effects can be devastating for small businesses. GB Resources, a Denver-based staffing and recruitment agency, faced this exact challenge when their largest client altered billing terms with little notice.
The resulting cash flow gap nearly forced the company to miss critical payments. Fortunately, LSQ (now eCapital) stepped in with a payroll funding solution that helped stabilize operations and secure the company’s future.
THE CHALLENGE
GB Resources’ largest client shifted from 30-day to 60-day billing terms, doubling the time it would take to get paid. With payroll and bills coming due, CEO Gaynor Blackmon urgently needed financing to bridge the gap.
His first attempt—with a startup factoring firm—fell short. The company was unresponsive, lacked the necessary capital, and left him just days away from missing critical payments.
That had never happened before. It was only a couple of days late, but I still had the cash I needed while waiting for that pending payment. LSQ (eCapital) saved me from catastrophe.”
Chief Executive Officer
Gaynor Blackmon
THE SOLUTION
Blackmon turned to eCapital after hearing positive feedback from others in the staffing industry. He was impressed with the transparency and responsiveness from the very first call.
eCapital expedited the underwriting process and delivered a 90% advance rate on submitted invoices, helping GB Resources cover payroll and bills on time. They also proactively recommended a larger credit facility, which proved essential when another client payment was delayed shortly after.
THE STORY
Since partnering with eCapital, GB Resources has secured over $200,000 in funding and now benefits from same-day access to capital—often within just a few hours. The improved cash flow has strengthened the business’s financial health and enabled steady growth.
Blackmon has also saved valuable time by outsourcing accounts receivable and collections to eCapital. “Without LSQ (eCapital),” he said, “we probably wouldn’t be in business.”
“LSQ’s (eCapital) knowledge and intuitiveness about my business and how it works saved me from catastrophe. They under-promised and over-delivered.”
Explore the solutions that help with financial strain for GB Resources
PAYROLL FUNDING
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