Synovus even advised them on bookkeeping best practices early on, Brianna says, bringing them into better compliance with accounting needs.
That difference, in less than two years, Brianna attributes mostly to the support the company received from Synovus. Specifically, a line of credit from Synovus allowed them to cover the few weeks' difference between payroll for the staff they hire and being paid by the companies that are hiring the workers through them.
"If you get a client that needs $50,000 in payroll every week, you have to come up with $50,000 for the next three weeks until the client pays you," she says.
Before 2018, SPS also took out a loan from Synovus to cover the cost of customized software to digitize and organize those piles of kitchen-table resumes as well as track contracts and benefits. Synovus even advised them on bookkeeping best practices early on, Brianna says, bringing them into better compliance with accounting needs.
In 2018, as the business continued to grow, SPS outgrew their office. They searched and found a facility their business could grow into. SPS again turned to Synovus for financing. The company now owns a 5,400-square-foot property, with a mortgage they got through Synovus. They also have all of their business checking and business savings accounts there.
“We're changing lives and building futures together," Brianna says.
If you're looking for a bank to help you build your future, Synovus is here to help. Give us a call at 1-888-SYNOVUS (1-888-796-6887) or find a Synovus location near you.