Nurse staffing startup plans for growth with a $1M factoring line

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

AT A GLANCE

Industry: Staffing services
Location: NE
Reason for applying: Access startup cash
Cash available through factoring: $1M

***

PROBLEM: Nurse staffing startup needs a cash injection

A medical staffing expert with 20 years of experience was excited to channel her expertise into a new business. Having nurtured a strong network of professionals, hospitals, clinics, and nursing homes during her career, she was in an excellent position to connect top healthcare talent with the organizations that needed them most.  

While the business owner had all the nonmonetary resources to make the business a success, she needed cash to cover payroll. But because this was a new business, bank loans and lines of credit were unavailable, and she had no collateral to obtain a personal loan. 

SOLUTION: $1M factoring credit line

A colleague suggested that the owner look into invoice factoring as a way to finance her operating costs, and she contacted AR Funding to find out what we could do for her. We were delighted to offer her a $1 million factoring line that will enable her to manage cash flow and take on contracts that will generate $50,000 per month in revenue. 

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.