SouthStar Capital funded a $750,000 accounts receivable (A/R) financing facility for a newly launched directional drilling company specializing in fiber optic projects.
High upfront equipment and operational costs placed immediate pressure on cash flow, creating the need for a reliable working capital solution. SouthStar Capital stepped in with a customized $750,000 A/R financing facility, structured to meet both short-term demands and long-term growth opportunities. By leveraging newly generated receivables, the company gained fast access to working capital for payroll, equipment costs and reinvestment into drilling operations.
“SouthStar’s ability to move quickly and structure a facility around the client’s immediate needs has provided this new venture with the stability required to grow with confidence,” Scott Norris, portfolio manager at SouthStar Capital, said.
