SouthStar Capital funded a customized invoice factoring facility for an expanding commercial concrete company serving industrial clients across the Southeast.
The company has been actively operating for just six months and is already experiencing strong demand. With projects averaging two weeks and customers paying on NET 45 terms, the business faced cash flow gaps that created challenges around payroll, equipment utilization and taking on new contracts.
To support ongoing growth, SouthStar Capital structured a flexible $250,000 invoice factoring solution that provides immediate access to working capital upon project completion and verification through the company’s photo-based job confirmation system. The facility enables the business to factor invoices quickly, maintain steady operations and pursue new contracts with confidence.
“SouthStar Capital is proud to support contractors who are scaling quickly but constrained by extended payment cycles,” Michael Haddad, president at SouthStar Capital, said. “Our financing gives them the liquidity they need to stay current on payroll and keep projects moving.”
