SouthStar Capital funded a $1.5 million invoice factoring facility for a Charlotte, NC–based health related apparel company.
As demand accelerated, the company faced the challenge of funding large production runs and covering operating expenses while waiting on extended payment terms from major, creditworthy customers.
SouthStar structured the facility with an initial funding round of approximately $500,000 against delivered product invoices to established customers. The factoring line was designed to provide immediate liquidity while offering flexibility to scale as sales volume continues to expand.
“With this facility, SouthStar Capital has enabled the client to unlock cash tied up in receivables, fulfill large orders for national retailers and distributors, and continue expanding its product lines,” Todd Culbreth, regional vice president at SouthStar Capital, said. “Our team is committed to delivering relationship-driven solutions that empower innovative businesses to maintain momentum and capture new growth opportunities.”
