SouthStar Capital provided a $3 million invoice factoring facility to an Arizona-based manufacturer serving commercial and military markets.
The company’s production cycle requires ongoing investment in materials, labor and operating expenses. Waiting for customer payments has limited the working capital available to support those needs.
SouthStar’s invoice factoring facility allows the manufacturer to convert eligible accounts receivable into immediate working capital, helping bridge the gap between production expenses and customer payments.
The $3 million facility provides flexible funding to help the company manage cash flow, maintain production and fulfill customer orders.
