SouthStar Provides $2MM A/R Facility to Support Growth of Cybersecurity and IT Solutions Firm

The Situation

A workforce solutions provider specializing in cybersecurity, systems integration, and software engineering generated $15–$20 million in annual revenue. Operating like a staffing firm, the company billed B2B clients based on labor hours and approved timesheets. Despite a strong pipeline, growth was hindered when its bank stepped away from a line of credit due to unaudited financials and reporting gaps. The company needed a reliable financing partner to meet payroll and support active contracts.

The Solution

Referred by its former lender, the company turned to SouthStar Capital, which structured a $2 million Accounts Receivable facility. This flexible solution provided immediate liquidity against eligible receivables and aligned with the company’s billing structure and contract terms.

The Result

With SouthStar’s support, the company regained financial stability, met payroll obligations, and sustained performance across contracts. The facility offered dependable cash flow, enabling the business to move forward with growth plans and strengthen client relationships.