Construction staffing company accelerates growth with a $250K factoring line

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

AT A GLANCE

Industry: construction staffing
Location: SC
Company size: ~$15M annual revenue
Reason for applying: Accelerate timesheet payments
Cash available through factoring: $250K

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PROBLEM: Timesheet woes slowed the company’s growth

Founded in 2023, this temporary staffing company specializes in providing labor for large construction companies across the US. The company was started by three co-owners, all of whom have extensive construction experience. 

As soon as the company launched, the demand for construction labor was consistently high, and the owners saw an opportunity to accelerate growth. But with regular timesheets to pay, they couldn’t generate the cash flow they needed to expand as quickly as they wanted. 

SOLUTION: $250K factoring credit line

The company tried to secure a bank loan but were unable to qualify for the amount they needed to close the gap in their cash flow. Their banker suggested factoring as an option and put them in touch with AR Funding. AR Funding was able to offer them a flexible factoring line of up to $250,000 per month.

Now the company can accept more contracts, place more staff, and grow faster while ensuring they can pay their employees on time every time. 

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