SouthStar Capital provided a $1.5 million invoice factoring facility to a Georgia-based industrial and commercial construction company to support its continued growth and expanding project pipeline.
As demand increased, the company needed additional working capital to manage payroll, cover operating expenses and support new projects while awaiting customer payments. SouthStar’s facility converts outstanding receivables into available cash, providing the flexibility needed to keep pace with growth.
“Growing contractors need reliable access to working capital to keep projects moving and capitalize on new opportunities,” Scott Norris, senior business development officer at SouthStar Capital, said. “We’re pleased to provide a financing solution that supports this company’s day-to-day operations and continued expansion.”
The $1.5 million facility positions the company to take on additional work and pursue its next stage of growth.
