Furniture installation company funds expansion with a $150,000 factoring line
AR Funding is proud to welcome this furniture installation company as one of its newest clients.
AT A GLANCE
Industry: Business services
Company size: $1.7 million
Reason for applying: Expansion plans
Cash available through factoring: $150,000
PROBLEM: Lack of funds stalls expansion plans
Building on a 20-year career in furniture installation, the company owner established his own business in 2015, focusing on the delivery and installation of movable wall systems and modular furniture for military, government, healthcare, educational, and retail facilities.
After slowly building up an excellent reputation in the industry, the business reached a turning point, with sales rising 75% year over year between 2021 and 2022. However, poor cash flow was preventing him from seizing the momentum and expanding further.
SOLUTION: A $150,000 factoring credit line
With annual sales reaching $1.7 million last year, the owner was excited to set ambitious sales targets for 2023. However, his low credit score meant traditional loans were not an option. After being referred to AR Funding, he was approved for a factoring line that will free up as much as $150,000 per month, with no restrictions on the use of those funds. Now he has the cash he needs to build on his hard-won reputation and achieve his full business growth potential
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.