Press release
SouthStar Capital Provides $100,000 Accounts Receivable Facility to Stabilize Staffing Company
SouthStar Capital is excited to provide a $100,000 Accounts Receivable (A/R) facility to support the launch of a newly established staffing company. The company was spun off from a successful medical staffing business, which thrived during the COVID-19 pandemic by meeting the urgent demand for medical personnel. However, as the pandemic's impact lessened, the original business faced a slowdown, with one major debtor accounting for 80% of their accounts receivable.
Additionally, the original company was dealing with a tax liability caused by a delayed tax credit. To avoid financial strain, the owner made the strategic decision to transition operations to a new staffing company under fresh management.
SouthStar Capital's A/R facility played a crucial role in stabilizing the new company during this transition. The financing allowed the new company to manage their cash flow, cover payroll, and smoothly transfer employees and contracts without disruption. This financial flexibility ensures the company can continue operations efficiently while maintaining service delivery.
With SouthStar's support, this client is positioned for success, stabilizing their operations and laying the groundwork for future growth in the medical staffing industry.
About SouthStar
SouthStar Capital is a nationwide commercial finance company with a 16-year track record of excellence, innovation, and customer satisfaction. We specialize in providing comprehensive, customized working capital solutions, including Accounts Receivable Financing, Asset-Based Lending, Purchase Order Financing, Equipment Leasing, Government Contracting, Invoice Factoring, and Payroll Funding. Our non-traditional approach to funding allows us to cater to a wide range of businesses, from startups seeking growth financing to established companies needing enhanced cash flow.
For more information, visit southstar. [southstar.com]com [southstar.com]or contact
SouthStar Capital
info@southstar.com
1-(800)-763-3021
Media Contact
Company Name: SouthStar Capital
Contact Person: Becca Ripley
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=southstar-capital-provides-100000-accounts-receivable-facility-to-stabilize-staffing-company]
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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