Diversity staffing company rebuilds with a $1.5M factoring line

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

AT A GLANCE

Industry: Staffing services
Location: NC
Company size: ~$1M
Reason for applying: Recover and grow
Cash available through factoring: $1.5M

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PROBLEM: Lack of funding for post-pandemic recovery

Founded in 2013, this staffing company focuses on helping businesses build teams that are diverse, talented, stable, and resilient. Within a few years, the company had evolved from a scrappy startup to a thriving hiring firm that generated $6 million at its peak.

However, the pandemic reversed the company’s growth and profitability to the point where it was only able to start planning for growth this year. But with high operating and payroll expenses to contend with, the owner was struggling to finance growth.

SOLUTION: $1.5 million factoring credit line

Back in the company’s start-up days, the owner had reached out to AR Funding for help in financing its rapid growth. Now that the company was ready to rebound from a multi-year contraction, the owner re-engaged with AR Funding as a trusted financing partner. Despite high operating costs and annual revenues of only $1 million, we were able to extend a $1.5 million factoring line.

Now the company has the financing it needs to grow, and revenues for 2026 are projected to top $6 million.

This happy client received financing with help from Gordon Farr, Executive VP, Nationwide. Find out how much cash your company can access through invoice factoring. Talk to us.