Construction service startup fuels growth with a $1M factoring line

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

AT A GLANCE

Industry: Business services
Location: WY
Company size: Startup
Reason for applying: Fuel high growth
Cash available through factoring: $1M

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PROBLEM: Rapid growth strained this startup’s cash flow

Founded by an industry veteran with 15 years of construction experience, this company launched in 2024 to provide quality construction-related services to local businesses. The business primarily serves the hospitality industry, delivering a wide variety of emergency and non-emergency services including plumbing, electrical repair, sheetrock repair and replacement, painting, flooring, demolition, and cleanup. 

It didn’t take long for the owner to realize that the business had tremendous growth potential, but fueling that growth would require much faster cash flow.  

SOLUTION: $1 million factoring credit line

The owner initially applied for bank financing but was turned down because the new business lacked a credit history. After searching for alternative financing options online, the owner decided that invoice factoring was the most flexible and affordable way to finance his company’s growth. After communicating with several factoring companies, the owner chose to factor invoices with AR Funding because we offered the greatest flexibility and the best pricing. We are pleased to extend a $1 million credit line to enable the company to make payroll and fund the cost of high-volume service delivery

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.