Government contractor smooths payroll with a $2M factoring line

AR Funding is proud to welcome this specialized government contracting company as one of its newest clients.

AT A GLANCE

Industry: Government contracting
Location: UT
Company size: ~$1.7M
Reason for applying: Ensure timely payroll
Cash available through factoring: $2M

***

PROBLEM: Growth spurt puts payroll at risk

Founded 15 years ago, this innovative business prevents harmful emissions from being released into the atmosphere by transforming CO2 into industrial carbon. The company effects this transformation through a trademarked, sustainable process that produces only distilled water. 

The company recently secured a lucrative contract with the federal government, but because of the lengthy payment terms, the owner found it difficult to meet payroll reliably. 

SOLUTION: $2 million factoring credit line

After researching financing options, the owner chose to use invoice factoring to accelerate cash flow because it wouldn’t burden the company with any debt while giving it access to the ready cash it needed to fund growth. 

Based on the creditworthiness of the company’s customers, AR Funding was able to offer the owner a $2 million factoring facility. With a supportive factoring facility in place, this decarbonization company can now confidently meet payroll during a time of high growth. 

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.