SouthStar Capital is pleased to announce the closing of a $650,000 Invoice Factoring facility for a Lowcountry-based HVAC and commercial refrigeration company serving commercial customers throughout the Southeast.
The South Carolina-based business specializes in HVAC services, commercial refrigeration systems, walk-in coolers and freezers, and ice machine installation and maintenance. As the company secured additional commercial projects and expanded its operations, it required additional working capital to support materials, labor, equipment rentals, and ongoing job costs.
SouthStar Capital structured a $650,000 line of credit facility designed to provide flexible access to working capital as the company continues pursuing larger commercial opportunities. Initial funding from the facility will support a large-scale commercial refrigeration project for a nationally recognized customer.
“We are proud to support this local business with a financing solution that provides the flexibility needed to manage larger commercial projects and ongoing growth,” said Michael Haddad, President of SouthStar Capital.
With this financing in place, the company is well-positioned to continue expanding its commercial HVAC and refrigeration operations throughout the region.
SouthStar Capital is a nationwide commercial finance company offering Accounts Receivable Financing, Asset-Based Lending, Purchase Order Financing, Invoice Factoring, Equipment Leasing, Payroll Funding, and Government Contract Financing, delivering tailored solutions to help businesses scale and succeed.
Contact: Becca Ripley
Director of Marketing
SouthStar Capital
Phone: (843) 800-8339
Email: becca@southstar.com
Website: southstar.com