SouthStar In Action

What Our Clients Are Saying About SouthStar

"I own a small printing company and with the economy the way it's been, times have been tough. I was having an awful time making payroll and was sure that I was going to have to cut staff soon. When I met with my SouthStar Account Executive, I really didn't think he could help me. My credit was not what it used to be, and I was having trouble obtaining the capital I needed from my local banks. I just assumed they would come here to tell me no, and my search for financing would continue. As the Account Executive was talking to me about my business, he suddenly stopped and asked me about my printing press on the production floor. As it turns out, SouthStar was able to set up a line of credit against my printing press and gave me the capital I needed to meet payroll and weather this storm. I'm so grateful!"
- Carol, Owner of a Local Printing Company

"I have been approached by several asset-based lending companies about doing business with them. I needed to fix my cash flow problem, but I was skeptical at first. As they explained to me how an asset-based line of credit works, they showed me how I can manage my money real time. I was hooked! I have the cash I need and the control I require. Thanks for listening to me and understanding my individual needs!"
- Ron, President and CEO of an Engineering Firm

"I really feel sorry for my SouthStar Account Executive! My situation was so complicated, involving my inventory, receivables and 6 pieces of machinery in different states. I was trying to open up a new production facility and had been turned down by the bank and even tried finding an investment partner. My SouthStar Account Executive was so patient with me and took the time to put together a plan. I am so busy and often unavailable, so I was constantly amazed at how she always followed up with me. It ended up taking a few weeks to get done, but in the end I have an affordable line of credit and my new facility is being built as I speak. I can honestly say that Jessica and SouthStar surpassed all my expectations of what a finance company can and should be. I highly recommend SouthStar to anyone in need of cash."
- Kathleen, Owner of a Textile Manufacturer

Spotlight On Success

Problem: A business consulting firm has a partner that decides to retire and cash out of the business. This leaves the existing company strapped for cash. The remaining partner wants a long-term solution for their issue but only wants to pay for the cash he needs, when he needs it.
Solution: SouthStar sets the company up with an asset-based line of credit that the business owner can draw on when he sees fit.
Result: The consulting firm weathered the initial storm of not only a lack of cash, but a transition in leadership. Within the last month, they just purchased another consulting company in a key market.

Problem: A computer hosting company realizes that their equipment is getting outdated and they are no longer competitive. They are spending more money on repairs and parts than some of the equipment is actually worth.
Solution: An equipment appraiser determines that a few large mainframes and other equipment that are still in working order, plus numerous receivables. SouthStar was able to finance one of the two mainframes and some other ancillary equipment, along with their receivables to get the cash they need to upgrade their equipment.
Result: They upgraded their equipment and regularly use the line of credit for new technology as it comes out, allowing them to have a competitive advantage.