Staffing company funds growth with a $500K factoring line

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

AT A GLANCE

Industry: Staffing
Location: TX
Company size: ~$150M annual revenue
Reason for applying: Fund rapid growth
Cash available through factoring: $500K

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PROBLEM: Rapid growth creates payroll stress 

This temporary staffing firm was founded in 2021 and business is booming. The company specializes in warehouse administration and logistics staffing, and needs to grow its small team of contractors and employees.

But with customers paying net 15 or 30, meeting weekly payroll has been an ongoing issue, and as the company grows, so do the challenges. The company has already taken out a business loan and taking on more debt was not ideal.

SOLUTION: $500,000 factoring credit line

The company’s broker suggested that they consider invoice factoring and introduced them to AR Funding. We were able to work out a financing arrangement that gives them access to up to $500,000, which will enable the company to take on new clients and expand the staffing team.

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.