Temporary staffing company expands into a new region with a $200K factoring line

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

AT A GLANCE

Industry: Staffing
Location: CA
Reason for applying: Regional expansion
Cash available through factoring: $200K

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PROBLEM: Regional expansion strains cash flow

After just four years in business, the owner of a staffing company based in Texas saw so much success, he decided to expand into other regions. The owner had partnered with AR Funding to factor the company’s accounts receivable a few years ago when he experienced cash flow issues due to slow customer payment cycles.

After finding an opportunity to establish another staffing company in Los Angeles, the owner needed to improve cash flow at the new location to give the new company a cash cushion while it established itself in the market.

SOLUTION: $200K factoring credit line

Because this staffing company is a valued client of AR Funding, and because we serve businesses in every region of the U.S., we were able to step up and expand the factoring agreement to cover the new location in California. Establishing a new business always comes with challenges, but the owner now has peace of mind knowing that he has a $200,000 factoring facility to draw on as the new location gets up and running.

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.