Empowering Growth: How An Electronics Wholesaler Leveraged Factoring to Fulfill a Prestigious School Contract

The Situation
This small business was presented with an exciting opportunity to supply products for a prestigious school system on the West Coast. However, to secure the necessary supplies, they faced the crucial task of settling payment with their supplier to ensure product shipping.
The Solution
SouthStar Capital provided a $750,000 purchase order/factoring facility, enabling small businesses to settle payments with their suppliers quickly.
The Result
This immediate access to funds ensured timely product shipping, allowing the business to seize the prestigious opportunity with the West Coast school system.