SouthStar Capital Empowers Minority-Owned Consulting Firm with $2M Financing to Fulfill $1.1M State Contract

The Situation
A small, minority-owned consulting company secured 27 purchase orders from the State Department of Corrections totaling $1,139,099 for product. The supplier required an upfront payment of $450,000 to fulfill the order, with the balance due before shipment. Facing cash flow challenges, this company needed funding to meet these payment terms.
The Solution
SouthStar Capital provided a $2 million Factoring and Purchase Order Financing Facility. This allowed them to pay the supplier and cover production costs without delays.
The Result
With SouthStar’s support, this company fulfilled the Department of Corrections orders on time, strengthened their client relationship, and positioned themselves as a reliable source for future government contracts.