As an entrepreneur in the staffing industry, you naturally want the lowest cost financing and the maximum borrowing flexibility. However many entrepreneurs fail to plan ahead so that they can reap the benefits of lower rates or higher borrowing flexibility.

A growing staffing firm has options to finance the working capital needs that arise from growth. Each method of financing growth carries a cost. In addition to cost, different methods of financing might not be flexible enough to allow you to meet your goals. In other instances you might not be “eligible” for certain type of financing. This webinar seeks to help you understand different lending products by breaking them down by financing cost, ability to access, and flexibility.

Speaker: Stephen Leavenworth, Senior Vice President, IDB Bank

Stephen Leavenworth has been the Senior Vice President and Market Manager for Staffing Services at IDB Bank since 2016. Steve manages a team of professional who deliver innovative, cost effective financing and banking solutions to staffing, IT consulting, medical, and legal staffing firms across the United States.

Previously, Steve was the Division President for Payroll Finance at Sterling National Bank where he was responsible for building both the full service and asset based lending businesses for staffing firms nationwide. Prior to Sterling, Steve was responsible for growing the asset based business for The CIT Group Commercial Services Division.

Steve earned his BA is Psychology from Siena College and his Executive MBA from the Zicklin School at Baruch College. He also has Six Sigma black belt through an association with Northrop Grumman. He is an active volunteer, fundraiser, and board member. Steve and his family live on Long Island.