ACCOUNTS RECEIVABLE FINANCING IN ACTION
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AR Financing Testimonials from Our Clients
“My business was literally month-to-month. My business partner and I would sit down with the finances at the end of the month and have a hard discussion about closing the doors. We had over 20 employees counting on us. We just couldn’t solve our reoccurring cash flow crisis. Our customers’ slow pay held our cash flow for ransom, keeping us from completing our next project. The day my SouthStar Account Executive walked through our door was the day our business turned around. Now, we have the cash we need to deliver projects on time.” – Ryan, Creative Director for a Graphic Design and Marketing Firm
“I was new to the world of Government Contracts. We had won a few smaller jobs, but the door really opened for us when we won our first large bid. The opportunity was great, but we soon realized we wouldn’t have enough capital to complete the job on time. A friend suggested that I call SouthStar and said they had a lot of Government Contract experience. After talking to my SouthStar rep, they set up an Accounts Receivable Line of Credit, so we had the cash flow needed to complete the job. The process was surprisingly easy and we’re still using SouthStar for AR Financing to this day.” – Chris, Owner of an IT Services Company
“We approached SouthStar because our accountant highly recommended them, but we expected a turn down as we were behind with the IRS. To our surprise, SouthStar assisted in structuring a payment plan with the IRS and offered us a Receivables Line!” – Richard, Owner of an IT Staffing Company
“We had the opportunity to bid a huge project that our competitor dropped the ball on. We needed access to cash in order to staff up and prepare to handle this opportunity. I went to my bank, and I was turned down. I went to another bank, and I was turned down again. They didn’t like the fact that we had negative growth in the last year. Nevermind that we had double-digit growth for the previous 8 years! After being turned down by five banks, we accepted the fact that we would have to pass on the project. Then SouthStar Capital met with us and put together a finance strategy for getting us the cash we need. They had all the answers to our questions, and their rates were very reasonable. Long story short, we won the project and are on track for our most profitable year in 9 years!” – Doug, Owner of a Steel Fabrication Plant
Learn how Accounts Receivable Financing works, what it is, and the advantage of working with SouthStar Capital.
When considering if Accounts Receivable Financing is the right solution for obtaining working capital for your business, ask yourself these 10 questions.
In this case study, find out how one company went from a cash deficit to nearly doubling their business with Accounts Receivable Financing.