Press release
SouthStar Capital Provides $250,000 Purchase Order Financing to North Carolina Startup for Major Government Contract
SouthStar Capital is proud to announce the successful funding of a $250,000 Purchase Order (P/O) Financing Facility for a North Carolina-based startup, empowering them to fulfill their first major government contract with a local municipality. The company, tasked with delivering new vehicles to the city, faced a financial challenge due to the upfront costs required for procurement and delivery.
To meet the contract requirements without straining cash flow, the startup turned to SouthStar Capital. Through Purchase Order financing, SouthStar advanced the necessary funds to cover the upfront costs of procuring the vehicles and accessories. This allowed the company to deliver the order on time, earn a 14% gross margin, and build credibility for future contracts.
This tailored financing solution enabled the startup to overcome financial hurdles, meet deadlines, and lay the foundation for continued growth in the competitive government contracting sector.
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 info@southstar.com
1-(800)-763-3021
840 Lowcountry Blvd, Mount Pleasant, SC 29464
Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
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-250000-purchase-order-financing-to-north-carolina-startup-for-major-government-contract]
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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