Press release
SouthStar Capital Supports In-Home Care Provider with Crucial $250,000 Payroll Funding
SouthStar Capital stepped in with a $250,000 Payroll Funding facility to bridge this gap. This funding covered the initial payroll cycle and all subsequent cycles. The first invoices submitted for funding totaled less than $4,000, and SouthStar Capital advanced 85%, depositing approximately $3,300 into the payroll account the next day.
Seven years later, this In-Home Care Provider is a valued client of SouthStar Capital and has grown significantly. The company now has 50 employees, generates over $100,000 per month, and operates offices nationwide. The Payroll Funding facility provided by SouthStar not only helped sustain the business initially but also supported its substantial growth and expansion.
"We are proud to have played a part in the success of this In-Home Care Provider," said Brian Cate, Assistant VP at SouthStar Capital. "Our goal is to provide customized financial solutions that help businesses overcome challenges and achieve their goals."
Reference:https://www.southstarcapital.com/payroll-funding/payroll-funding-medical-provider-250k
For more information about SouthStar Capital's funding solutions, visit www.southstarcapital.com [http://www.southstarcapital.com/] or contact (843) 277-6417.
SouthStar Capital info@southstar.com
Media Contact
Company Name: SouthStar Capital
Contact Person: Becca Ripley
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=southstar-capital-supports-inhome-care-provider-with-crucial-250000-payroll-funding]
Phone: (843) 800-8339
Address:840 Lowcountry Blvd
City: Mount Pleasant
State: SC 29464
Country: United States
Website: http://www.southstarcapital.com
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