About a decade ago a young fragrance company based in Addison, TX came to DSA Factors looking for help. They had been in business for several years, but business was starting to pick up and they not only needed some improved cash flow, but they needed someone who could manage their growing list of receivables.
Being in the fragrance industry, naturally most of their customers were small mom and pop gift shops, and their typical orders would only be a for a few hundred dollars. As a result they were having trouble finding someone willing to factor for them. That is when they met DSA Factors, at DSA Factors no account is too small and we don't have any minimum volume requirements, so we were more than happy to take them on as a new client.
With DSA Factors managing their receivables and providing them with some added cash flow, they managed to do over $200,000 in sales that first year they were partnered with DSA, which at the time was their best year yet. But they had no idea what the future had in store for them.
Over the next couple of years they experienced 25-50% growth each year, and within five years had sales of nearly $1,000,000. But it didn't end there, they kept on growing and they established a recognizable brand name for themselves.
Although their stronghold was still selling to the little mom and pop stores, at this time they also started getting some orders from big box stores such as Bed, Bath, and Beyond, and with DSA's help had no problem taking on these larger orders.
Over the next few years sales volumes continued climbing. Eventually they reached $3,000,000 in sales for the year. At this point this once small company was now a large, and very profitable corporation. Having sufficient resources to operate their business, and an in house accounting department, they no longer needed the help that accounts receivable factoring had provided for them. While we at DSA Factors were sad to see them go, we were very proud that we helped grow their business and got them to a point of financial independence.