SouthStar Capital provided a $1 million combined purchase order and accounts receivable financing facility to a Florida-based importer and distributor of lightweight planters and ceramic pottery. The facility will help bridge the gap between supplier payments and customer collections, providing working capital to fulfill orders and support continued growth.
“Growing distributors need access to capital throughout the order cycle,” Scott Norris, senior business development officer at SouthStar Capital, said. “By combining purchase order and accounts receivable financing, we’re helping this company meet supplier obligations, fulfill customer demand and pursue new opportunities.”
