SouthStar Capital provided a $1 million invoice factoring facility to a growing specialty contractor based in Washington, D.C. The facility will support ongoing operations and provide working capital for new project opportunities.
As its project portfolio expands, the contractor faces upfront expenses for materials, payroll and installation while awaiting customer payments. SouthStar’s invoice factoring facility will help bridge that gap by converting outstanding receivables into available working capital.
With more consistent cash flow, the company can support project execution, meet operating expenses and pursue additional contracts.
