Staffing.coop Working Capital LOC | The Working WorldThe Working World

Staffing.coop Working Capital LOC

Staffing.coop Working Capital LOC

About This Project

Division: Baltimore Roundtable for Economic Democracy (BRED)
Co-op: Staffing Cooperative
Status: Active
Amount: US $150,000.00
Location: Baltimore, United States
Signing date: July 29, 2019
A working capital LOC to provide payroll factoring support for a cooperatively-owned temp staffing agency

Details

Passed Sustainability Committee June 6 2019; added annual review and renewal provision; interest rate is set at 4%, with a matching amount paid to us in investor shares; monthly financial document submission; quarterly meetings;

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