Wholesale company eliminates debt with a $500K factoring line

AR Funding is proud to welcome this wholesale distributor as one of its newest clients.

AT A GLANCE
Industry: wholesale distribution
Location: SC
Company size: ~$5 annual revenue
Reason for applying: Eliminate debt
Cash available through factoring: $500K

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PROBLEM: Debt could impede the sale of the company 

This family-owned wholesale distribution company was founded in 1979. When the founders handed the reins to the son, the business continued to flourish under his management. After nearly 50 years in business, the current owner is ready to sell the business and retire in the next five years. But in order to receive the best price, he needs to focus on eliminating the company’s debt while continuing to support growth.

SOLUTION: $500,000 factoring credit line

The owner had worked with an invoice factoring company for years, but was unhappy with the experience. In addition to the complicated pricing structure, he  was frustrated by poor customer service. When the contract was up, he began to look for a partner who could offer better rates, more flexibility, and more personalized service. 

The owner chose AR Funding and can now factor up to $500,000 each month to accelerate cash flow and reduce debt in preparation for a successful sale in the next few years. 

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