{"id":584,"date":"2020-02-10T10:30:50","date_gmt":"2020-02-10T10:30:50","guid":{"rendered":"http:\/\/www.misselhornmedia.com\/marble\/?p=584"},"modified":"2021-01-07T23:51:34","modified_gmt":"2021-01-07T23:51:34","slug":"marble-bridge-success-story-no-85","status":"publish","type":"post","link":"https:\/\/www.marblebridge.com\/index.php\/2020\/02\/10\/marble-bridge-success-story-no-85\/","title":{"rendered":"(#85) Psychiatric Staffer, Heal Thyself"},"content":{"rendered":"<h3>Industry: Staffing<\/h3>\n<div style=\"border: 2px solid grey; padding: 10px;\"><div id='rjqc_container_7' style='height:300px'><\/div><script>(function ($) {\n                    tooltipSuffix = 'X';\n                    yAC = [\"Revenue\",\"Profitability\",\"Valuation\"];\n                    yAxisCats = [];\n                    for (i=0;i<yAC.length;i++) {\n                        yAxisCats.push({label:yAC[i]});\n                    }\n                switch ('bar') {\n                                        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                      labelPosition: 'middle',\n                                                angle: -90\n                                            }\n                                        }\n                                    }\n                                });\n                                \/\/ Handle legend hiding on the client\n                                if(true === false) {\n                                    jQuery('#rjqc_container_7 .jqplot-table-legend').remove();\n                                } else {\n                                    jQuery('#rjqc_container_7 .jqplot-table-legend').show();\n                                }\n                                \/\/ Bind tooltips\n                                jQuery('#rjqc_container_7').bind('jqplotDataMouseOver', function (ev, seriesIndex, pointIndex, data) {\n                                    jQuery('#rjqc_container_7 .jqplot-highlighter-tooltip').html('' + data[1] + 'X');\n                                });\n                                \/\/ Resize charts\n                                $(window).resize(function() {\n                                    chart_7.replot({ resetAxes: true });\n                                });\n                                })(jQuery);<\/script><\/div>\n<p>A California company had built a healthy, $5M-revenue business providing psychiatric staff to the State Prison System. Its bank, however, had concerns about customer concentration \u2014 even though its client was the State \u2014 and denied the company an adequate line of credit. The situation became dire when the first of a five-year series of state budget crises intermittently stretched a 30-day payment cycle to 120 days. Faced with the prospect of losing the state business, the company appealed to Marble Bridge, which quickly saved the contract by:<\/p>\n<ol>\n<li>Funding payroll so the company could manage the 120-day payment cycle.<\/li>\n<li>Enacting a trigger mechanism over the next five years to provide a similar funding solution every time a budget crisis caused another 120-payment cycle.<\/li>\n<li>Providing strategic counsel throughout the turmoil, enabling the company to achieve an 8X increase in annual revenue despite the state&#8217;s five-year rolling budget crisis.<\/li>\n<\/ol>\n<p>Thanks to the financial and strategic assistance from Marble Bridge, the staffing company emerged from the five-year state-budget ordeal having ramped its annualized revenue to $40M from $5M.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Industry: Staffing A California company had built a healthy, $5M-revenue business providing psychiatric staff to the State Prison System. Its bank, however, had concerns about customer concentration \u2014 even though its client was the State \u2014 and denied the company an adequate line of credit. The situation became dire when the first of a five-year&nbsp;<\/p>\n<p><a class=\"btn btn-success btn-lg\" href=\"https:\/\/www.marblebridge.com\/index.php\/2020\/02\/10\/marble-bridge-success-story-no-85\/\" style=\"background-color:#08605c;\">Full Story &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.marblebridge.com\/index.php\/wp-json\/wp\/v2\/posts\/584"}],"collection":[{"href":"https:\/\/www.marblebridge.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marblebridge.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marblebridge.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marblebridge.com\/index.php\/wp-json\/wp\/v2\/comments?post=584"}],"version-history":[{"count":1,"href":"https:\/\/www.marblebridge.com\/index.php\/wp-json\/wp\/v2\/posts\/584\/revisions"}],"predecessor-version":[{"id":896,"href":"https:\/\/www.marblebridge.com\/index.php\/wp-json\/wp\/v2\/posts\/584\/revisions\/896"}],"wp:attachment":[{"href":"https:\/\/www.marblebridge.com\/index.php\/wp-json\/wp\/v2\/media?parent=584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marblebridge.com\/index.php\/wp-json\/wp\/v2\/categories?post=584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marblebridge.com\/index.php\/wp-json\/wp\/v2\/tags?post=584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}