FactoringClub's 'Best Factoring Company of 2021' Award Winner
We are excited to announce that SouthStar Capital has been awarded ‘Best Factoring Company of 2021’ by the FactoringClub! This award is based on SouthStar’s integrity, value, proven track-record, quality service, personal care, and passion.
SouthStar Capital provides factoring solutions to businesses nationwide. Their wide range of growth capital products, outside the box thinking, and private capital structure allow for creative funding solutions that few can match. SouthStar knows the importance of delivering working capital in a fast and timely manner, so you deal directly with decision makers, in turn streamlining your funding process. SouthStar’s ability to help goes beyond just providing working capital. They care about your success and take the time to understand your business, so they can provide the best solution for your company’s current needs and future growth.
How Factoring Works
When factoring with SouthStar, you will be advanced up to 90% of the amount of your outstanding invoices. After initial funding, you will receive working capital within 24 hours of submitting an invoice. There are no limits on your monthly receivables, so you can submit new invoices as often as needed. Factoring is very beneficial to companies whose clients pay on terms. Rather than waiting 30, 60, or even 90 days for your clients to pay, factoring allows you to free up cash flow for immediate use. Factoring is not a loan, so debt is not added to your balance sheet and the funds are unrestricted, so you have the flexibility to use them for any of your business needs. This takes away the concern of making payroll, paying vendors/suppliers, and securing growth capital, so you can focus on what’s important, growing your business. (Click to learn more about the 5 simple steps of Invoice Factoring.)
What to Expect when Factoring with SouthStar
As a client of SouthStar’s Invoice Factoring solution, you will be assigned a personal account manager who will handle collections, payment processing, and customer credit approvals. With factoring, SouthStar looks at the credit history of your customer, not your company or personal credit history. Years in business does not influence their decision to finance, making factoring great for start-ups. Once established with SouthStar, you will receive same-day funding on submitted invoices. This gives you access to unlimited working capital, right when you need it. Factoring also allows you to extend longer payment terms to clients and grow your business. See what SouthStar’s clients have to say about SouthStar’s Invoice Factoring solution.