SouthStar Capital delivered a $2 million accounts receivable facility for a company that delivers workforce solutions in cybersecurity, systems integration, management consulting, curriculum development and software engineering.
The opportunity was referred to by the company’s former bank lender, which had provided a line of credit but stepped back due to unaudited financials and reporting gaps. SouthStar stepped in with a customized facility to provide consistent liquidity against eligible commercial receivables.
With this new funding in place, the company now has the working capital needed to meet payroll, support ongoing contracts and sustain growth.
