GOVERNMENT CONTRACT FINANCE IN ACTION
PROBLEM:
SOLUTION:
RESULT:
Government Contract Financing Testimonials from Our Clients
“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
“My business specializes in LED lighting. We had a few bids out for different Government Contracts and ended up winning two of them. We don’t keep much inventory in stock, so we now had to fill two large orders in a short period of time. We got in touch with SouthStar and they were able to start a Purchase Order Financing relationship to fulfill both orders. They were so involved with the process and even took care of delivering the product to our customers. It really put my worry at ease knowing they were tracking the jobs from start to finish.” – Bill, Owner of an LED Lighting Manufacturer
“This company does so much more than just provide capital to grow your business.” – Scott, Owner of a Consulting Firm
“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