Manufacturing company prepares for growth with a $500K factoring line

AR Funding is proud to welcome this specialty medical manufacturing company as one of its newest clients.

AT A GLANCE

Industry: Manufacturing
Location: MA
Company size: ~$4M annual revenue
Reason for applying: Unhappy with current factor
Cash available through factoring: $500K 

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PROBLEM: Current factor can’t keep pace 

This company has produced specialty consumables for the healthcare and sports medicine industry since it was founded in 1985. 

The pandemic hit the company hard, with demand for their product shrinking and supply chain issues complicating order fulfillment. However, business is now starting to pick up significantly, and the company has acquired hundreds of customers. 

With high upfront costs for materials and labor, along with payment terms as high as net 60, maintaining a healthy cash flow has always been a challenge. 

To accelerate cash flow, the company began factoring their invoices in 2006. But as a smaller company, they were getting lost among the large enterprise clients their factor serviced. Unhappy with slow service and lack of responsiveness, they lost confidence in their factor’s ability to proactively support their growth targets.

SOLUTION: $500,000 factoring credit line

The company began the search for a new factor who could help them grow. Based on excellent references from companies of a similar size, they chose AR Funding as their partner in growth. Now they are looking forward to accelerating their success with access to ~$250K per month. 
This happy client received financing with help from Courtney Moore, Regional VP, Northwest Region. Find out how much cash your company can access through invoice factoring. Talk to us.