Land-clearing company funds payroll with a $200K factoring line

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

AT A GLANCE

Industry: Business services
Location: NY
Company size: ~$1M annual revenue
Reason for applying: Meet growing payroll
Cash available through factoring: $200K

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PROBLEM: Making payroll is a challenge

Founded in 2019, this specialized business offers large-scale forest-mulching and land-clearing for pipelines, utility corridors, solar farms and municipal contracts. 

The business quickly earned a reputation for innovation by using both high-tech equipment and low-tech methods (grazing goats and sheep) to get the job done. 

An active real estate market, clean energy mandates, and a commitment to environmental stewardship are creating bigger opportunities for the business. But in a business where customers expected payment terms of up to 90 days, the company found itself struggling to make payroll as its team grew. 

SOLUTION: $200K factoring credit line

The owner had been a client of AR Funding years ago when he owned a different business. When his current business began experiencing unpredictable cash flow, he contacted us to see whether we could help with his new venture. We were able to offer a $200,000 factoring facility to help him cover payroll and continue growing smoothly.

This happy client received financing with help from Courtney Moore, Regional VP, Northeast Region. Find out how much cash your company can access through invoice factoring. Talk to us.