SouthStar Capital has funded a $500,000 invoice factoring facility for a Virginia-based janitorial and maintenance services company supporting a large commercial contract.
The company has been providing services at a temporary casino location and has now been awarded the contract to continue operations at the permanent facility, driving a significant increase in monthly revenue. Due to month-end billing and extended payment timelines, the business required additional working capital to support payroll and ongoing operating expenses.
SouthStar Capital structured the invoice factoring facility to provide consistent cash flow tied to outstanding receivables, allowing the company to hire additional employees, manage weekly payroll and support operations as the new contract begins.
The financing positions the company to transition smoothly into the expanded contract and continue delivering services without disruption.
