Case Studies
Our clients each have their own distinct characteristics and financial hurdles to overcome. At Spark Factoring, we’ve meticulously designed our funding solutions to address these individual needs, alongside countless others, aiding them in navigating their financial obstacles.
Happy Clients
0
+
Invoices Factored
0
+
Years Of Experience
0
+
Dollars funded
M+
Advance Rate On Invoices
95
%
5 Days To Close
1 Hour Pre-Approval
5/5 Star Customer Service
Happy Clients
0
+
Invoices Factored
0
+
Years Of Experience
0
+
Dollars funded
M+
Advance Rate On Invoices
95
%
5 Days To Close
1 Hour Pre-Approval
5/5 Star Customer Service
Spark factoring
Case studies:
Thousands of businesses have benefited from Spark Factoring’s invoice factoring. Read a few of the many success stories.
Client:
A start-up concrete contractor in Texas
Situation:
This seasoned entrepreneur found himself with a chance to secure a significant contract but lacked the necessary working capital. Despite his extensive experience, traditional banks hesitated to extend a line of credit, citing the newness of his company, which had been in operation for less than a year. Spark Factoring conducted thorough due diligence, gaining confidence in his client base, and ultimately provided the financing needed.
Solution:
$1,200,000 in factoring funds
Result:
The newly established company now feels confident in accepting the substantial contract and is steadily progressing towards future expansion.
Client:
A nurse staffing agency based in New York
Situation:
This staffing agency had been relying on funds from a different factoring company that unexpectedly decided to shift away from servicing the healthcare industry. Consequently, the agency found itself facing cash flow challenges, making it difficult to cover operational expenses and payroll for its nurses.
Solution:
$175,000 in staffing factoring funding
Result:
With the infusion of $75,000 in factoring funding, the staffing agency was able to meet its immediate financial obligations and continue its operations smoothly. This allowed them to focus on expanding their client base and providing quality staffing solutions to healthcare facilities. As a result, the agency is now in a strong position to pursue new contracts and grow its business further in the healthcare staffing industry.
Client:
A demolition, excavation, and drilling contractor based in New Jersey.
Situation:
The company had initially utilized factoring services from Spark Factoring for the initial phase of a $12,600,000 contract. When they required cash flow to commence the second phase, they were assured of securing additional financing.
Solution:
$1,800,000 in construction factoring funds
Result:
The company successfully acquired the necessary materials for their concrete and structural steel contract with the assistance of Spark Factoring's funding. This enabled them to allocate funds to meet their payroll obligations.
Client:
A civil construction contractor based in Texas
Situation:
This company found itself presented with a promising opportunity to undertake a sizable new contract but required additional cash flow to do so. A broker suggested Spark Factoring for their specialized industry knowledge in construction invoice factoring.
Solution:
$2,150,000 in construction factoring funds
Result:
Spark Factoring's funding is currently aiding this company's immediate cash flow requirements, allowing them to onboard new projects with confidence.
Industry Affiliations
