A Utah-based logistics and industrial equipment distributor has secured a $1 million combined Purchase Order Financing and Accounts Receivable Facility from SouthStar Capital.
The company provides logistics services, equipment distribution, and related support solutions to commercial and government-sector customers. After securing several large purchase orders from a prominent federal government contractor, the company needed additional working capital to fund supplier costs and fulfill the new orders.
SouthStar structured a flexible financing facility combining purchase order financing with accounts receivable funding. The solution provides the capital needed to support current orders while reducing the amount of internal cash tied up in each transaction.
With the new facility in place, the company is positioned to pursue larger opportunities, expand its capacity, and continue growing its commercial and government-related business.
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