Security company adds $60M in sales with a $2.5M factoring line

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

AT A GLANCE

Industry: Security staffing
Location: MD
Company size: ~$58M annual revenue
Reason for applying: Fund sales growth
Cash available through factoring: $2.5M

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PROBLEM: Company struggles to fulfill new contract

Founded 30+ years ago, the company delivers security services and personnel to organizations in retail, office, aviation, and government. In 2022, they earned revenues of $58M and were on track to generate $97M in 2024.

The company’s impressive growth saw another significant leap when the Department of Homeland Security offered them a contract worth $158M. But their cash flow couldn’t stretch to fulfill the required payroll, and with a large line of credit, they couldn’t obtain another one. 

SOLUTION: $2.5 million factoring credit line

The company had factored their invoices with AR Funding over 10 years ago and decided to reach out to see whether they could help again. After reviewing the government service contract, AR Funding was able to extend the company a $2.5 million factoring line, which will enable the company to fulfill the contract and increase annual sales revenues by $60M annually. 

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.