Press release
SouthStar Capital Funds $2MM Facility for Expanding Lighting Solutions Company
Charleston, SC - SouthStar Capital, LLC is pleased to announce the funding of a $2 million combined Purchase Order (P/O) and Accounts Receivable (A/R) Facility for a lighting solutions company preparing for nationwide expansion. Specializing in commercial and residential lighting design, procurement, and distribution, the company is projected to generate $50 million in revenue from a new contract to supply lighting for up to 15,000 units.Previously working with multiple financing providers, the company needed a streamlined solution to support its growing operations. With products sourced internationally and invoiced at multiple stages-from arrival to customer pickup-they required a flexible funding partner who could manage both purchase orders and receivables efficiently.
SouthStar's $2 million facility provided exactly that-offering the ability to fund P/O commitments and factor receivables under one seamless structure. The new capital helped cover supplier payments, storage costs, and provided the liquidity necessary to take on additional contracts without delay.
With SouthStar's support, the company is now well-positioned to execute its large-scale contract while maintaining operational stability and pursuing further growth opportunities.
About SouthStar
SouthStar Capital, LLC is a nationwide commercial finance company with a 17-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.
For more information about SouthStar Capital and our range of financial services, please visit http://www.southstarcapital.com or contact Becca Ripley at (843) 800-8339.
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Media Contact
Company Name: SouthStar Capital
Contact Person: Becca Ripley
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=southstar-capital-funds-2mm-facility-for-expanding-lighting-solutions-company]
Phone: (843) 800-8339
Address:840 Lowcountry Blvd
City: Mount Pleasant
State: SC 29464
Country: United States
Website: http://www.southstarcapital.com
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
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