Press release
SouthStar Capital Fuels Growth in Construction with a $750,000 A/R Facility
A Texas-based construction company, acquired in September 2023 by an industry veteran with over 20 years of experience, is primed for major expansion. Specializing in general contracting for industrial, commercial, and some residential projects, the company's focus is primarily on new commercial construction. After initially funding operations out of pocket, the owner sought a factoring partner to help the business scale and take on larger jobs.
SouthStar Capital stepped in with a $750,000 Accounts Receivable (A/R) facility, providing the financial support needed to fuel the company's growth. This funding enables the owner to confidently pursue larger contracts and bid on more significant projects without being held back by cash flow constraints.
With this new A/R facility, this company immediately began funding, gaining the capital necessary to support ongoing and future projects. This financial backing ensures the company can meet contractual obligations, manage day-to-day expenses, and focus on long-term expansion.
Thanks to SouthStar Capital's support, this company is now well positioned to establish itself as a leading general contractor in the industrial and commercial construction sectors, with the capacity to take on more substantial and profitable contracts.
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 southstarcapital.com or contact SouthStar Capital at 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-fuels-growth-in-construction-with-a-750000-ar-facility]
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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