Matt Stringer, CEO of California Job Shop, shares how Daylit’s modern approach to lending helped him access affordable working capital after acquiring his business, and why it stands out in a sea of outdated, high-cost financing options.
From Acquisition to Reality: Facing the Financing Gap for Working Capital
When Matt Stringer acquired California Job Shop, a recruiting firm serving healthcare, legal, and mental health clients, he stepped into a challenging financing landscape.
“I bought this business two years ago in December 2023 that the fact that I had just acquired it meant that I couldn't qualify for a lot of different financial stuff that was more bank financing. So I had to be kind of in the merchant cash space.” Matt Stringer, CEO of California Job Shop
Struggling with high-interest merchant cash advances (MCAs) and limited options for newer business owners, Matt needed capital that was flexible, transparent, and trustworthy. Amid economic uncertainty and unpredictable cash flow, the stakes were high.
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Why Matt Chose Daylit: Tech, Trust, and Flexibility
In a sea of lenders offering fast cash but little reassurance, Daylit stood out. What resonated most was the company’s modern, tech-enabled approach.
“Daylit feels more like a tech company that happens to do finance.” Matt Stringer, CEO of California Job Shop
This wasn’t just about branding, it was about functionality. Daylit’s online portal, real-time access to capital, and clean user experience made financial management simpler. Matt especially appreciated the revolving line of credit, which allowed him to take draws as needed to cover cash flow fluctuations without locking into rigid loan terms.
He also noted the positive relationship with his Daylit representative, describing him as reasonable and supportive, a stark contrast to the transactional tone of traditional MCA providers.
Ready to Experience a Better Way to Finance Your Business?
Matt’s story underscores a reality for many entrepreneurs: acquiring a business can be a powerful path to ownership, but only if affordable working capital is available.
With Daylit, he found more than a lender. He found a tech-forward, transparent platform that understood his business, respected his goals, and provided the working capital tools to grow with confidence.
If you're an entrepreneur navigating cash flow challenges, or early-stage growth, discover how Daylit’s modern capital solutions can help you thrive.
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