Nurse staffing company funds rapid growth with a $500K factoring line

AR Funding is proud to welcome this staffing company as one of its newest clients.

AT A GLANCE

Industry: Staffing services
Location: CA
Company size: ~$9M
Reason for applying: Rapid growth
Cash available through factoring: $500K

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PROBLEM: Rapid growth puts a strain on payroll

Founded in 2017, this staffing company focuses on providing nursing staff for healthcare facilities. In 2020, just three years after the company was founded, it faced a significant disruption due to COVID. But in the years since, the business has seen rapid growth, with revenues reaching $9 million in 2024 and demand for nursing services continuing to rise month over month.

The business needed cash to fund its rising payroll as the company grew, but the owners didn’t want to go into debt or dilute their ownership with equity financing.

SOLUTION: $500,000 factoring credit line

After researching financing options online, the business owners discovered invoice factoring and decided that it was an ideal solution to their challenges. They researched potential factoring companies and chose AR Funding because we were able to offer them the most attractive rates along with a $500,000 facility. Now they have the funds they need to meet their payroll obligations as the company continues to grow. 

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.