Why One Business Owner Wants to "Spread the Word" About Factoring
John Stryke, VP of Operations at Trident Maintenance Services, already knew about factoring when his team opened their doors in 2024. He gained knowledge about factoring through his previous experience running a business, giving him confidence that factoring was the solution his new business needed to grow.
I’ve said this to multiple people on your team before – you’ve made me want to spread the word to use factoring companies. [My altLINE account manager] Ashlee is always on point, super organized, helpful, and quick with communication.
John Stryke, Vice President of Operations
Trident Maintenance Services
Trident Maintenance Services LLC
The Company
Industry: Facilities maintenance services
Location: Philadelphia, Pennsylvania
Established: 2024
John Stryke and his father, Francois, were already experienced business owners when they opened Trident Maintenance Services in early 2024. This previous experience gave them an early leg up on their competition. They knew how invoice factoring could help new companies improve their cash flow, and when they partnered with altLINE, they were able to, “pay various expenses, invest into bigger projects, and handle a higher workload.”
The Solution
While John already planned to use factoring to accelerate business growth, he still needed to select a service provider. When researching factoring companies, John evaluated rates, customer service, and communication, saying, “We did our homework on a couple different companies.” John took many criteria into account, but industry experience mattered most. “The main thing we were looking for was familiarity with our industry, and altLINE is familiar with this industry.”
The Outcome:
- Control Over Cash Flow: The cash flow predictability that factoring provided gave Trident's team peace of mind and greater financial control. "Because factoring occurs per invoice, or per job, our cash flow is easier to manage on a day-to-day basis," John said.
- A Perfect Funding Partner: altLINE's experience working with other facilities maintenance companies proved highly beneficial for Trident. "It's made it easier for us to communicate with [altLINE] since [they're] aware of how we do business." He also added that, for business owners who don't have experience with factoring, altLINE provides very thorough instructions and has a patient team.
The Challenge
Starting a new business is no easy task. John and his father had previous experience opening a business prior to establishing Trident Maintenance Services, so they knew navigating unpredictable cash flow would be the primary challenge. Periods of negative cash flow are common for young businesses, but the key to success is keeping those instances brief and avoiding long stretches without enough working capital.
The Issues:
- Negative Cash Flow: Since Trident was such a young business, John and his team knew they'd have to use external financing to give them more control over their cash flow.
- Finding the Right Factoring Partner: John was well-aware of the benefits of invoice factoring due to his previous experience as a business owner. However, he knew that customer service and speed of funding varied by provider, so he made it a priority to find a reliable factoring partner that he could trust.
The Results
IMPROVED CASHFLOW
Factoring stabilized cash flow, making it more consistent and easier to manage.
INCREASE IN WORKING CAPITAL
Even as a new company, Trident could invest into costly projects and handle a high workload because of the cash flow boost provided by factoring.
A RELIABLE
PROVIDER
altLINE’s industry experience and thorough communication made the factoring process seamless.
Why Choose altLINE
Because altLINE was a great funding partner for Trident, John now wants to “spread the word” about invoice factoring. Factoring is an excellent solution for new businesses that need to stabilize cash flow to fuel growth, just as it did for John’s business.
- Ease of Use: Simple, straightforward process
- Transparent Fees: No hidden costs or surprises
- Proven Reliability: A partner that supports growth and stability
Get a Free Quote Today
Invoice factoring with altLINE isn’t just about solving cash flow issues – it’s about building a reliable foundation for long-term success. For businesses like Trident Maintenance Services, altLINE provides the tools to thrive in a competitive industry.
