Manufacturing company expands territory with a $500,000 factoring line
AR Funding is proud to welcome this packaging manufacturer as one of its newest clients.
AT A GLANCE
Company size: $188 million annual revenue
Reason for applying: Expand the business
Cash available through factoring: $500,000
PROBLEM: Negative equity held back growth
Founded in 2020 as a subsidiary of a manufacturing and service company in south central U.S., this ompany focuses on the production of paper packaging. After the pandemic, the company began hitting its stride, and is now in a position to expand and gain market share throughout the southeastern U.S.
The company needed immediate working capital to put growth plans in motion, but with negative equity on the balance sheet, bank loans and SBA loans were out of reach.
SOLUTION: $500,000 factoring credit line
The parent company had been a customer of AR Funding for three years and recommended invoice factoring to the subsidiary. Within days, the subsidiary company was able to access a half-million dollars in cash to fund its expansion plans.
This happy client received financing with help from Brian Gullage, Regional VP, Southeast Region. Find out how much cash your company can access through invoice factoring. Talk to us.