Charleston, SC –
SouthStar Capital is pleased to announce the funding of a $500,000 Invoice Factoring facility for a Virginia-based janitorial and maintenance services company supporting a major commercial property contract.
The company previously provided services at a temporary casino location and was recently awarded the ongoing contract for the permanent facility, resulting in a substantial increase in monthly revenue and staffing needs. However, with invoices billed at month-end and payment received on extended terms, the business faced a significant cash-flow gap while covering payroll and operational expenses.
To support this growth, SouthStar Capital structured a $500,000 Invoice Factoring facility that converts outstanding receivables into immediate working capital. The facility allows the company to fund weekly payroll, hire additional employees, and manage day-to-day operations as the expanded contract ramps up.
This financing solution provides reliable liquidity and positions the company to transition seamlessly into the new facility while continuing to deliver high-quality service without disruption.
Contact: Becca Ripley
Director of Marketing
SouthStar Capital
Phone: (843) 800-8339
Email: becca@southstar.com
Website: southstar.com