Tactical gear distributor funds startup costs with a $300K factoring line
AR Funding is proud to welcome this wholesale distributor as one of its newest clients.
AT A GLANCE
Industry: Wholesale and distribution
Location: CA
Company size: ~$1M annual revenue
Reason for applying: Early growth
Cash available through factoring: $300K
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PROBLEM: Unable to qualify for bank loans
This distributor of firearms, ammunition, and tactical gear was founded last year and supplies corrections and rehabilitation facilities, wildlife management agencies, and other organizations. In addition to the distribution of quality products, the company manufactures and repairs firearms and equipment.
With projected revenues of $1 million this year, the company needed ready cash to buy products and materials and cover operating costs. But as a new business, the company didn’t have enough of a credit history to qualify for a bank loan or line of credit.
SOLUTION: $300K factoring credit line
A business colleague who was already a client of AR Funding recommended factoring to the company owner, and they contacted us to find out whether invoice factoring might be a fit. Based on the creditworthiness of the company’s customer base, we were able to extend a $300,000 factoring line to them. Now the business can fund startup costs without the risk of a cash crunch.
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.
