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SouthStar Capital is excited to announce the successful funding of a $500,000 Accounts Receivable (A/R) financing facility to a Maryland-based construction company at a crucial time when the company was facing pressing cash flow challenges that threatened its operational stability and growth prospects.
In the competitive construction industry, maintaining a steady cash flow is vital. The Maryland-based construction firm found itself in a tight spot with $97,734 in open Accounts Receivable and an additional $400,000 in work-in-progress. The strain of managing these financial obligations while pursuing new business opportunities presented a serious challenge.
The company needed immediate funding to bridge the gap and ensure smooth operations. With existing cash flow constraints and financial pressures, the business risked not being able to sustain ongoing projects or capitalize on new growth opportunities.
SouthStar Capital responded to the company’s urgent needs by providing a $500,000 A/R financing facility. This solution was designed to transform the company’s open Accounts Receivable into immediate cash, eliminating the waiting period for invoice payments. With SouthStar Capital’s $500,000 A/R financing facility, the Maryland construction company has successfully navigated its financial hurdles. The tailored financing solution not only addressed immediate cash flow concerns but also paved the way for future growth and operational excellence.
For more information about SouthStar Capital’s funding solutions, visit www.southstarcapital.com.
SouthStar Capital
info@southstar.com
1-(800)-763-3021
840 Lowcountry Blvd, Mount Pleasant, SC 29464