SouthStar Capital funded a $250,000 accounts receivable financing facility for a construction company serving commercial and institutional clients across the Southeast.
As project volume increased and demand for large-scale contracts grew, the company began facing cash flow challenges tied to extended customer payment terms. With significant funds tied up in receivables, the business needed immediate liquidity to cover payroll, purchase materials and meet rising project demands. Seeking a flexible, relationship-based solution, the company turned to SouthStar Capital for support.
SouthStar Capital structured a $250,000 accounts receivable facility designed to obtain working capital from outstanding invoices. The financing provided same-week funding on completed projects, allowing the company to maintain consistent operations, pursue larger opportunities and continue expanding its footprint in key markets without taking on additional debt.
“With this facility, SouthStar Capital provided the client with the financial flexibility and speed needed to keep projects on track,” Scott Norris, portfolio manager at SouthStar Capital, said. “We take pride in supporting businesses that are driving growth and innovation across the construction sector by giving them access to the capital they need to scale.”
By providing critical liquidity between invoicing and payment cycles, this facility has enabled the client to sustain steady operations, fortify relationships with key vendors and continue expanding into new markets.
