SouthStar Capital closed a $650,000 working capital facility for a Lowcountry-based HVAC and commercial refrigeration company serving commercial customers throughout the Southeast.
As the company secured additional commercial projects and expanded its operations, it required additional working capital to support materials, labor, equipment rentals and ongoing job costs.
SouthStar Capital structured a $650,000 line of credit facility designed to provide flexible access to working capital as the company continues pursuing larger commercial opportunities. Initial funding from the facility will support a large-scale commercial refrigeration project for a nationally recognized customer.
“We are proud to support this local business with a financing solution that provides the flexibility needed to manage larger commercial projects and ongoing growth,” Michael Haddad, president of SouthStar Capital, said.
With this financing in place, the company is positioned to continue expanding its commercial HVAC and refrigeration operations throughout the region.
