Atlanta, GA – May 24, 2018 – PrimeArc Capital, LLC (“PrimeArc”) is pleased to announce that they have engaged in twenty-nine new factoring partnerships through May of this year. Below are a few highlights of some of these new factoring relationships:
- A Colorado based retrofitter of energy efficient commercial lighting
- A Texas based concierge and valet services company
- A Florida based commercial pressure washing company
- A Virginia based federal contractor and provider of Six Sigma and project management expertise
- A California based distribution 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 $500,000 and averaged $123,000.
Bud Crawford, CEO, said “we are thrilled to have the opportunity to work with each of our new clients and help them take the next step on their path to bankability.” Further, “we believe each of these new clients will be able to use the additional liquidity to organically grow their business and our team looks forward to supporting them along the way.”
Additionally, PrimeArc was able to graduate over $400,000 of portfolio volume to traditional lines of credit with their bank partners. Operations Manager David Ebinger commented, “we take great pride in preparing our clients to be bankable, and as industry experts, we feel it is important to help our clients reduce their cost of capital as they grow. If you are interested in becoming an ABL or bank partner, please email firstname.lastname@example.org.”
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 email@example.com to learn more.