Charleston, SC –
SouthStar Capital is pleased to announce the funding of a $1.5 million Accounts Receivable financing facility for a Gulf Coast–based industrial services company supporting a diverse base of commercial and industrial customers.
The company performs specialized surface preparation, coating, and maintenance work at its own facility and at customer job sites. Because projects are billed upon completion and customers pay on extended terms, the business experienced a cash-flow gap between operating expenses and incoming receivables.
To support ongoing operations, SouthStar Capital structured an Accounts Receivable financing facility that converts eligible invoices into immediate working capital. The facility provides consistent liquidity for payroll, labor costs, and project expenses while work remains in progress.
“Service-based businesses shouldn’t have to slow down while waiting to get paid,” said Becca Ripley, Director of Marketing at SouthStar Capital. “This facility allows the client to stay focused on the work in front of them while we help support the cash flow behind the scenes.”
The financing strengthens operational stability and positions the company to continue executing contracted work without disruption.
Contact: Becca Ripley
Director of Marketing
SouthStar Capital
Phone: (843) 800-8339
Email: becca@southstar.com
Website: southstar.com