SouthStar Capital, a provider of commercial financing solutions, closed a $500,000 invoice factoring facility for an Arizona-based supplier of EPA-registered industrial chemicals.
SouthStar Capital’s flexible working capital solution will provide immediate access to cash tied up in accounts receivable, allowing the company to support larger order volumes, maintain inventory flow and fulfill new customer contracts without waiting on standard payment terms.
“Our financing solutions are designed to help emerging businesses capitalize on growth opportunities from day one,” Michael Haddad, president of SouthStar Capital, said. “We’re excited to support this experienced management team as they expand their presence in the specialty chemicals market with reliable access to working capital.”
