August 4, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — TeamStaff, Inc., (NASDAQ: TSTF), a logistics and healthcare services provider to the Federal government and Department of Defense, said that its subsidiary, TeamStaff government Solutions, Inc., has entered into a $1.5 million loan and security agreement with Alpharetta, Georgia-based presidential Financial Corp.

The company said that the term of the loan is two years and will provide the company with a working capital facility to fund ongoing business operations.

Cheryl Presuto, TeamStaff’s CFO, said, "This new facility gives TeamStaff the financial flexibility necessary to continue its strategic focus on expansion into new government markets and allows us to invest in the infrastructure required for successful growth."

presidential Financial specializes in asset-based credit lines for commercial businesses, secured by accounts receivable and inventory. The firm's clients include staffing companies, government contractors, service businesses, manufacturing companies, wholesalers and distributors, and technology companies, among others.

New Jersey-based TeamStaff serves clients and their employees throughout the United States as a full-service provider of logistics and healthcare support services through its subsidiary, TeamStaff GS.

TeamStaff GS specializes in providing medical, logistic, information technology and office administration professionals through nationwide Federal Supply Schedule contracts with both the United States General Services Administration and the United States Department of Veterans Affairs

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