Webster Bank Provides $500,000 Commercial Line of Credit to Badger State Staffing

Webster Bank’s Commercial Services Group provided a commercial line of credit totaling 500,000 to Badger State Staffing. The discretionary full-service facility will be used to fund company operations and back-office services.

Badger State Staffing, or “Wisconsin’s Workforce Solution,” is a staffing services firm founded in 2014, headquartered in Appleton, WI and is a privately-owned sourcing firm providing light industrial staffing services to businesses operating in the book printing & binding, paper & packaging, consumer products, fire/water restoration, and food industries.

James Bodie, Senior Managing Director, Commercial Services, said “Small staffing companies often grapple with the dual challenges of managing efficient back-end operations and maintaining sufficient cash flow for weekly payroll. This balancing act requires meticulous attention to payroll, taxes, billing, collections, and financing. However, by partnering with Webster’s Full-Service funding, a company like Badger can fully outsource its back-office tasks and secure complete payroll funding. This strategic move streamlines operations, allowing the company’s leadership, to dedicate their efforts to scaling the business rather than being bogged down by administrative duties.

Webster’s comprehensive approach not only alleviates the administrative burden but also enhances profitability for staffing firms. The suite of services includes outsourced payroll solutions, an applicant tracking system tailored for recruiters, advanced business intelligence tools, and cutting-edge staffing technology. This integration of services positions staffing firms to capitalize on operational efficiencies and focus on core business growth, setting a new standard in the staffing industry.”

The financing and administrative services provider of choice to more than 400 staffing firms nationwide, Webster Bank’s team of banking professionals leveraged its deep industry experience and full range of flexible, creative financial solutions to help Badger State Staffing thrive.

This transaction was sourced by Kevin Henry, a Webster Bank Commercial Services Business Development Officer in Boynton Beach, FL.