Staffing company sets a foundation for growth with a $1M factoring line

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

AT A GLANCE

Industry: Temporary staffing
Location: TX
Company size: ~$600K annual revenue
Reason for applying: Unhappy with existing factor
Cash available through factoring: $1M

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PROBLEM: Existing factor wasn’t a growth partner

Founded in 2020 by a staffing veteran with 30+ years of expertise, this full-service temporary staffing agency specializes in supplying the right administrative and labor talent to staff sporting and entertainment events. Staff offer skills in areas such as event execution, management, food and beverage, hospitality, and experiential and promotional activities.

The agency had an existing relationship with a factor, but the owner was dissatisfied with the high fees and the lack of flexibility. As the company grew, so did the negative impact of these issues.

SOLUTION: $1 million factoring line with AR Funding

The owner went in search of a new factoring partner who was more affordable and flexible. She chose AR Funding because they offered the most competitive rate and allowed her to factor as much or as little as she needed in a given month. 

With a $1 million factoring line and a supportive partner in growth, the agency will be able to confidently take on bigger projects without worrying about making payroll.

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.