SouthStar Capital funded a $250,000 purchase order and accounts receivable facility for a Charlotte-based government contractor specializing in medical and laboratory equipment. The financing supported an awarded contract with the U.S. Customs and Border Patrol to supply equipment at a facility.
The contractor faced a short-term cash flow gap due to supplier payment requirements that preceded government payment terms. SouthStar stepped in with a flexible PO and A/R financing solution that covered upfront supplier costs and provided additional working capital upon invoicing.
With SouthStar’s support, the company successfully fulfilled the contract on schedule, strengthened supplier relationships and positioned itself for future federal contracting opportunities.
“SouthStar Capital’s tailored financing programs help government contractors overcome timing gaps and confidently execute awarded projects,” Charlie Bacon, assistant vice president of SouthStar Capital. “We’re proud to provide funding solutions that empower small and emerging businesses to grow in the public sector.”
