SouthStar Capital provisioned a $750,000 purchase order/factoring facility to a small business specializing in government contracting. This financing solution played a pivotal role in enabling the company to secure a substantial contract with a prominent school system in the western United States.
The company was presented with a significant opportunity to supply products to a leading school system. However, to fulfill this contract, it needed to make upfront payments to its supplier, ensuring that the products could be shipped promptly. SouthStar Capital stepped in to provide a $750,000 purchase order/factoring facility, empowering the company to settle its obligations with the supplier and facilitating the timely shipment of the required products.
