Atlanta, GA – February 1, 2018 – PrimeArc Capital, LLC (“PrimeArc”) engaged in forty-six new factoring partnerships in the second half 2017, ending the year with seventy-five new factoring partnerships over the course of the year.
Below are a few highlights of some of these new factoring relationships:
- A Virginia based veteran owned shipyard services business
- A North Carolina based dump truck business
- A Florida based auto hauling company
- A Texas based oilfield services business
- An Ohio based nurse staffing company
These companies will use the financing provided by PrimeArc to purchase materials, fund expansion initiatives or meet payroll / operational expenses. These new facilities range in capacity from $10,000 to $600,000 and averaged $63,000.
Bud Crawford, CEO, said “we are excited about the continued growth of our company. While we tailor the financing program to each new client’s unique needs, all of our new client’s businesses share the characteristic of scalability. We look forward to helping [our clients] achieve continued growth and success.”
To help facilitate continued growth, PrimeArc has added Lara Stegman to their operations team. Lara will serve as PrimeArc’s Portfolio Manager and has 10+ years of industry experience in the ABL and factoring space.
Additionally, PrimeArc was able to graduate over $2,500,000 of portfolio volume to a line of credit with an institutional lender. Operations Manager David Ebinger commented, “the foundation of our company is predicated on doing what is best for the client. We take great pride in graduating companies from our micro financing program to a line of credit with one of our upstream ABL or bank partners.” If you are interested in becoming an ABL or bank partner, please email email@example.com.
Why PrimeArc Capital, LLC
- Lines as low as $10,000
- No setup fees
- No monthly volume minimums
- No owner credit requirements
About PrimeArc Capital, LLC
PrimeArc Capital, LLC offers working capital solutions and factoring services to small businesses. PrimeArc Capital is committed to servicing the “micro” end of the factoring industry with credit facilities ranging from $10,000 – $600,000. Their credit facilities allow clients to pull cash forward by 30 – 60 days to meet financial obligations which include: funding new contracts or orders, payroll costs, or purchasing of supplies. PrimeArc Capital’s working capital lines enable clients to invest in their future by using their cash balance to invest in growth initiatives for their business. In addition, PrimeArc Capital helps clients manage the collection and billing process for each invoice allowing them to focus more time and energy on core business operations. Please email firstname.lastname@example.org to learn more.