Southstar Capital funded a $750,000 accounts receivable line of credit for a Southeast-based roofing and solar installation company.
The company specializes in commercial solar installation and has recently expanded into the Northeast, securing new project work with a large energy provider. As operations scaled, the business needed to manage weekly payroll across multiple crews while navigating extended payment cycles tied to larger customers.
Southstar Capital structured a $750,000 A/R facility that allows the company to utilize outstanding invoices into immediate working capital, improving cash flow and supporting ongoing operations.
“This was a great opportunity to support a contractor expanding into a new market,” Michael Haddad, president of Southstar Capital, said. “Our facility provides the consistency and flexibility needed to keep projects moving and crews paid.”
With improved liquidity, the company is positioned to take on additional project volume and continue its expansion.
