SouthStar Capital recently closed a $500,000 combined purchase order and accounts receivable financing facility for a consumer products company preparing to launch its products through a major national retailer.
As the business prepared its first large retail order, the company required additional working capital to fund overseas manufacturing costs and bridge the gap between production, shipment and customer payment.
SouthStar Capital structured a customized financing solution that provides the liquidity needed to fulfill purchase orders, support production and improve cash flow as the company continues to grow.
“Growing businesses often need additional working capital to capitalize on new opportunities,” Michael Haddad, president of SouthStar Capital, said. “Our combined purchase order and accounts receivable financing solution helps companies fulfill large orders, strengthen cash flow and position themselves for long-term success.”
