Press release
SouthStar Capital Deploys $2 Million Facility by Carving Out A/R for Growing Medical Supplies Distributor
SouthStar Capital, LLC is pleased to announce the funding of a $2 million Accounts Receivable (A/R) Facility for a Louisiana-based medical supplies distributor. Serving hospitals, clinics, and government agencies across the region, the company had been experiencing rapid growth but needed additional working capital beyond its existing $1 million line of credit with their bank.With a rising volume of outstanding invoices and customer payment terms extending up to 60 days, the distributor sought a financing solution that wouldn't disrupt its relationship with the bank. SouthStar delivered a tailored factoring facility that allowed the company to carve out their accounts receivables independently of their credit line.
The new $2 million facility provided immediate access to liquidity, enabling the distributor to fulfill large orders, meet supplier obligations, and support day-to-day operations without delay. SouthStar worked closely with the client to align the facility with their customer base and internal processes, ensuring a seamless implementation.
By unlocking capital tied up in receivables, the company positioned itself for continued growth within the healthcare supply chain-while maintaining the flexibility and control it needed to scale responsibly.
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 www.southstarcapital.com [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-deploys-2-million-facility-by-carving-out-ar-for-growing-medical-supplies-distributor]
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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