Servicing sales and distribution company goes from 0 to 60 with a $1M factoring line

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

AT A GLANCE

Industry: Wholesale and distribution
Location: SC
Reason for applying: Finance a big contract
Cash available through factoring: $1M

***

PROBLEM: New business goes from “0 to 60” overnight

Founded in 2018, this servicing sales and distribution business struggled to find its footing for several years. The company earns different revenue streams by collecting equipment and uniforms for recycling, redistribution, or cleaning, and it also sources PPE globally and distributes it to businesses. 

The company went through a tough time and lost money last year, but everything changed overnight when they secured a big contract with one of the largest companies in the world. But with depleted reserves, the company struggled to ramp up operations fast enough to service their new client. 

SOLUTION: $1M factoring credit line

The owner had worked with AR Funding years ago when they needed up-front cash for a manufacturing business. At that time, factoring with AR Funding helped them grow and sell the business. They approached AR Funding again to see whether we could help once again. We were happy to approve the business for a $1 million factoring line, which will accelerate cash flow by 90+ days..

This happy client received financing with help from Crawford Reeves, Regional VP, Southeast Region. Find out how much cash your company can access through invoice factoring. Talk to us.