Windshield replacement company drives growth with an $8M factoring line

AR Funding is proud to welcome this auto services company as one of its newest clients.

AT A GLANCE
Industry: Auto services
Location: AZ
Company size: ~$11 million annual revenue
Reason for applying: Poor cash management
Cash available through factoring: $8M

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PROBLEM: Poor cash management hampered growth

This auto services company repairs and replaces windshields, either in their shop on on-site at customers’ homes or worksites. With high ratings on Google and an excellent relationship with the major insurance companies, the company saw dramatic growth last year and the potential for even more growth this year.

However, a combination of 30- to 90-day payment cycles and the need to service high-interest debt was squeezing their cash flow and limiting their ability to fund the payroll and operational outlay they needed to grow. 

SOLUTION: $8 million factoring credit line

The owners began researching invoice factoring as an alternative to costly, high-interest financing. After meeting with AR Funding and going through the application process, they were delighted to qualify for a factoring line of $8 million. Now they have healthier financials and access to the cash they need to accelerate growth and revenue.

This happy client received financing with help from Darren Wright, Regional VP, Central Region. Find out how much cash your company can access through invoice factoring. Talk to us.