Alpine Ridge Funding closed a $12 million factoring facility for an IT staffing company. This financial solution was designed to empower the company to expand its operations by taking on new contracts and growing existing ones.
The factoring facility provides the IT staffing company with immediate access to working capital, enabling it to meet increasing demand, scale its workforce and seize new opportunities.
“We are excited to partner with this dynamic IT staffing company to support their ambitious growth plans,” David Fortner, vice president of sales at Alpine Ridge Funding, said. “This $12 million factoring facility reflects our commitment to providing flexible and innovative financing solutions that empower businesses to thrive in competitive industries.”
