Alpine Ridge Funding Closes $5 Million Facility for a Staffing Company

February 5, 2025 - Alpine Ridge Funding, in collaboration with David Fortner, is proud to announce the successful closing of a $5 million factoring facility for a prominent staffing company. This new facility will provide vital working capital to support the company’s current operations and facilitate its growth through 2025 and beyond.

Alpine Ridge Funding is proud to step in and provide a financial solution that supports this staffing company’s ongoing operations and future expansion,” said David Fortner of Alpine Ridge Funding. “This new facility will enable the company to navigate its financial challenges and unlock new opportunities for growth, helping to strengthen its position in the competitive staffing industry."

The factoring facility is designed to improve cash flow by allowing the staffing company to leverage its receivables, providing immediate working capital without the need for traditional loans or credit lines. With this financial backing, the company is well-positioned to pursue new projects and further enhance its market presence.

 About Alpine Ridge Funding

Alpine Ridge Funding is pleased to announce the closing of a $500,000 factoring facility for a Texas Based Security Guard Company.  Alpine Ridge Funding’s factoring facility was used to provide additional working capital and allows the company to take on new contracts and grow the business. This is the first client of 2024, and the Alpine Ridge Team is excited to assist companies with working capital needs. See Alpine Ridge Funding for more information.