Nursing staffing startup launches with a $300,000 factoring line
AR Funding is proud to welcome this nursing staffing company as one of its newest clients.
AT A GLANCE
Industry: healthcare staffing
Reason for applying: Startup funds
Cash available through factoring: $300,000
PROBLEM: Lack of funds held back a startup
A sole proprietor with extensive nursing experience wanted to start a new healthcare staffing company to provide skilled nursing staff to healthcare facilities and residential homes.
She secured her first contract with a prestigious, nationwide client, but with no established financial history for the new business, the owner was unable to get a business loan that would allow her to hire the staff she needed.
SOLUTION: $300,000 factoring credit line
Another business owner in a similar line of business suggested invoice factoring and recommended AR Funding. AR Funding was able to offer the owner a flexible factoring arrangement where she can factor as little as $25,000 or as much as $300,000 at any given time. This will give her the flexibility she needs to fulfill bigger contracts, but also lets her scale back on factoring when she doesn’t need the extra cash..
This happy client received financing with help from Mike Clark, Regional VP, Northeast Region. Find out how much cash your company can access through invoice factoring. Talk to us.