Factoring Invoices to Fund Expansion
D&A Staffing Solutions struggled with cash flow and limited capital. Partnering with altLINE for invoice factoring helped stabilize their finances, secure new clients, and fuel business growth.
The service is just great. My account manager is an amazing representative. He’s very professional and is always looking for any way to help.
Anissa Hernandez, CEO
D&A Staffing Solutions
D&A Staffing Solutions
The Company
Industry: Light Industrial Staffing
Location: Elizabeth, New Jersey
Founded: 2021
D&A Staffing Solutions, founded by Anaissa Hernandez in 2021, specializes in providing professional staffing services in the light industrial sector. As a new company, D&A faced significant challenges with cash flow and capital, limiting its ability to grow and expand its client base.
The Solution
In search of a solution to her cash flow issues, Hernandez reached out to altLINE. From the beginning, she was impressed by altLINE’s customer service and straightforward onboarding process. From there, she got the cash flow boost she needed, providing a financial cushion to not only pay employees on-time, but to fund growth that would’ve otherwise been impossible without factoring.
The Outcome:
- Initial Factoring Facility: D&A received a $200,000 factoring facility, which allowed them to take on new clients and make payroll without stress.
- Credit Line Increase: Within six months, D&A’s credit line was increased to $500,000, providing them with greater flexibility and the ability to scale quickly.
- Streamlined Cash Flow: Invoice factoring stabilized D&A’s cash flow, enabling the company to focus on growth without the constant worry of financial strain.
The Challenge
When D&A Staffing Solutions launched in 2021, it faced the common challenge of struggling to make payroll on-time. Without the financial resources to support growth, Hernandez found herself unable to take on new clients or manage day-to-day operations effectively. The company’s cash flow was a constant obstacle, limiting their expansion potential.
The Issues:
- Struggle to Make Payroll: Hernandez was constantly worrying about making payroll on-time. If she did have the working capital necessary to do so, it often meant sacrificing spending money on growth-related business activities.
- Inability to Take on New Business: Her lack of startup capital created a trickle-down effect. Because of all her available funds were being dedicated to her highest-priority, short-term expenses like payroll, she couldn't afford to take on new business.
The Results
More
Clients
Expansion of
Second Location
Stronger Financial Foundation
Why Choose altLINE
- Ease of Use: Simple, straightforward processes.
- Transparent Fees: No hidden costs or surprises.
- Proven Reliability: A partner that supports growth and stability.