SouthStar Capital is pleased to announce the funding of a $750,000 A/R Facility for a Pennsylvania-based manufacturer specializing in smart electrical technology systems. The company, experiencing cash flow challenges due to delayed customer payments and a growing client base, needed immediate working capital to maintain operations and keep supplier payments on track.
The manufacturer, responsible for installing energy-efficient systems in schools and businesses, was billing between $250,000 and $500,000 per month. However, with two large unpaid invoices totaling $400,000, cash flow constraints put production at risk and threatened to stall project timelines.
SouthStar’s A/R solution provided immediate access to capital by leveraging the company’s outstanding invoices, ensuring the business had the working capital needed to operate smoothly. With this $750,000 Factoring Facility, the manufacturer secured the financial stability needed to support growth and drive continued innovation in the smart electrical technology sector.
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
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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
