Invoice Financing may be better for your company than a Business Loan. According to The Service Corps of Retired Executives (SCORE), 82% of start-ups and small businesses fail because owners have a poor understanding of cash-flow management and lack the ability to access working capital needed for growth. One funding option that is often overlooked is invoice financing. This alternative lending method does not have the same strenuous requirement process as a traditional business loan. The main qualification is that a company has customers with outstanding invoices that are paid on terms. Below, we will take a look at why
Payroll Funding may be the answer. What is Payroll Funding? Funding payroll can be a challenge without a constant source of cash flow. Even if your customers pay within 30 days, your employees likely need to be paid sooner. If your customers have longer payment terms of 45, 60, or even 90 days, Payroll Funding may be a necessity for paying your employees on time. How does Payroll Funding work? Slow paying customers, rapid growth periods, seasonal patterns, selling on credit terms, and other factors can create cash flow challenges for your business. With Payroll Funding, rather than waiting for your customers
Growth is usually viewed as a positive step for business owners, but if not managed properly, growth could be the death of your business. If your business grows too fast, or grows the wrong way, you can actually grow yourself out of business. Along with growth comes the costs of additional staff, system development, and changes in operations. Without access to working capital, your business won't be able to support these essential changes. By tapping into your business's Accounts Receivable, or outstanding invoices, you can free up existing capital and have access to the immediate cash flow needed for growth.
Providing alternative solutions to businesses in need of a fast and reliable source of working capital. Below is one of our recent funding solutions that provided our client with the working capital needed to ensure the growth and success of their business. $1,000,000 Receivables Line coupled with a $350,000 Equipment Lease, along with a Brokerage Line of $500,000 and a $100,000 Term Note for a Trucking and Storage Company Contact us today to discuss the working capital options available to your business. CONTACT US TODAY!
With SouthStar Capital, your company is assigned a dedicated account team that is always present to meet your unique cash flow needs. Get Real-Time Management Manage cash real-time with 24/7 access to your customizable funding reports through our online client login We provide the services of handling your collections, payment processing, account management, and underwriting, in-turn saving you time and money Our day-to-day accounts receivable management also includes the invoices you are not financing, so you stay up to date with your receivables, all in one place You submit your invoices electronically directly to your account manager and then receive
With SouthStar Capital, we care about your success. We take the time to understand your business and tailor fit a solution to your unique needs. Our Service is Centered Around You You deal directly with a decision maker, in-turn expediting initial and future funding Your company is assigned an account team to handle your daily funding needs Our approach is hands on, so we are able to address each and every one of your needs We are a private company, so you receive flexibility and custom solutions We have over 30 years of experience in designing custom capital solutions for
With SouthStar Capital, our ability to help you goes beyond just providing working capital. We care about your success and tailor fit a funding solution for your company's both current & future growth. You Grow with Confidence We prescreen your potential clients, so you can better understand their strengths, payment habits, and creditworthiness No limits are imposed, so you control your growth No hidden costs or fees, with the option to build our fees into future bids or projects You receive funding within 24 hours of providing an invoice We do not put a 'bandaid' on the the problem, instead
Getting the chance to be on the reality show 'Shark Tank' can be a huge opportunity for any business. Having a great idea and company can only get you so far if you lack the working capital to grow. What if we told you that SouthStar Capital can provide the same benefits as the show 'Shark Tank', but our version is even better? We can provide your business with the capital needed for growth, but we do not require any equity within your company. Instead, we use the existing assets you already own and turn them into working capital. In-turn, you keep 100%
SouthStar Capital takes a non-traditional approach to funding by providing our clients with alternative lending solutions. We Think Outside the Box Our credit decision is based on your company's assets and the creditworthiness of your customer, not your past financial performance Years in business is not a factor in our funding decision Underwriting in done in-house, so we can provide funding faster (close in just 2-5 days) Mix our diverse products to tailor a solution that most benefits your business We are a private company, meaning you receive flexibility and custom solutions We work with tax liens, balance sheet issues,
You may have collateral and not even realize it... When looking for a source of capital, there are several factors your lender may take into consideration. For instance, traditional lenders will first look at your company's credit history, balance sheet strength, and years in business when underwriting a loan. This way of thinking leads to many businesses being turned down and not receiving the funding they need. SouthStar Capital takes a non-traditional approach and uses your business's assets, or collateral, to make our funding decision. In-turn we are able advance your business capital by using your collateral as leverage. Accounts