Read MoreHow Invoice Factoring Transformed a Construction Company
How Invoice Factoring Transformed a Construction Company
In the competitive construction industry, maintaining steady cash flow is crucial for growth and operations. A Maryland-based construction company faced a significant cash flow challenge with $97,734 in open accounts receivable and another $400,000 in work-in-progress. To sustain operations and capitalize on new opportunities, they needed immediate funding. That’s where SouthStar Capital stepped in with a solution. The Challenge The construction company needed to accelerate their cash flow to keep up with ongoing projects and operational expenses. With nearly $100,000 in open accounts receivable and a substantial amount of work-in-progress, they faced a cash flow crunch that threatened their ability