Equipment repair company expands business with a $2M factoring line

AR Funding is proud to welcome this restaurant equipment repair company as one of its newest clients.

AT A GLANCE

Industry: Business services
Location: CO
Company size: ~$2M annual revenue
Reason for applying: Accelerate growth
Cash available through factoring: $2M

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PROBLEM: High up-front business costs curb growth

Founded in 2018, this company specializes in servicing the needs of restaurant clients and keeping them running at 100% efficiency. Areas of service include HVAC and equipment installation, maintenance, and repair as well as cleaning and plumbing services.

After establishing a reliable business and a stellar industry reputation in the Front Range of Colorado, the company has an opportunity to build on their success and expand into other states. But with high up-front costs and nearly 20% of their invoices going unpaid for 90+ days, cash flow is holding them back.

SOLUTION: $2 million factoring credit line

The company’s financial advisor suggested the owner consider invoice factoring to generate the working capital required for expansion, and recommended AR Funding’s services. The owner reached out to the regional representative and was able to qualify for a factoring line of up to $200,000 per month. 

Now, the company can take advantage of opportunities to grow the business significantly by expanding into a high-profile, nationally networked customer base. 

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.