SouthStar Capital, a private direct lender, closed an invoice factoring facility for a medical device company specializing in implantable products used in spinal and trauma procedures.
The company sought additional working capital to support its international receivables and growing order volume. SouthStar structured an invoice factoring facility around receivables from an established, publicly traded healthcare customer, providing more consistent access to liquidity as invoices are generated.
The facility will help the company manage production expenses, strengthen cash flow, pursue new purchase orders and continue transitioning portions of its manufacturing operations to the United States.
