SouthStar Capital is excited to announce the successful funding of a $500,000 Accounts Receivable (A/R) financing facility to a Maryland-based construction company at a crucial time when the company was facing pressing cash flow challenges that threatened its operational stability and growth prospects.
In the competitive construction industry, maintaining a steady cash flow is vital. The Maryland-based construction firm found itself in a tight spot with $97,734 in open Accounts Receivable and an additional $400,000 in work-in-progress. The strain of managing these financial obligations while pursuing new business opportunities presented a serious challenge.
The company needed immediate funding to bridge the gap and ensure smooth operations. With existing cash flow constraints and financial pressures, the business risked not being able to sustain ongoing projects or capitalize on new growth opportunities.
SouthStar Capital responded to the company’s urgent needs by providing a $500,000 A/R financing facility. This solution was designed to transform the company’s open Accounts Receivable into immediate cash, eliminating the waiting period for invoice payments. With SouthStar Capital’s $500,000 A/R financing facility, the Maryland construction company has successfully navigated its financial hurdles. The tailored financing solution not only addressed immediate cash flow concerns but also paved the way for future growth and operational excellence.
About SouthStar
SouthStar Capital is a nationwide commercial finance company with a 16-year track record of excellence, innovation, and customer satisfaction. We specialize in providing comprehensive, customized working capital solutions, including Accounts Receivable Financing, Asset-Based Lending, Purchase Order Financing, Equipment Leasing, Government Contracting, Invoice Factoring, and Payroll Funding. Our non-traditional approach to funding allows us to cater to a wide range of businesses, from startups seeking growth financing to established companies needing enhanced cash flow.
For more information, visit southstarcapital.com or contact SouthStar Capital info@southstar.com or (843)-277-6417
Media Contact
Company Name: SouthStar Capital
Contact Person: Becca Ripley
Email: Send Email
Phone: (843) 800-8339
Address:840 Lowcountry Blvd
City: Mount Pleasant
State: SC 29464
Country: United States
Website: www.southstarcapital.com