Charleston, SC –
SouthStar Capital has provided a $2 Million Accounts Receivable financing facility for a privately owned industrial services company supporting it’s automotive manufacturing operations in the Midwest.
The company delivers specialized, self-performed services within it’s large manufacturing facilities and operates on extended customer payment terms. As the business expanded with the direct relationships of the major automotive manufacturers, the timing gap between completed work and customer payments created the need for additional working capital.
SouthStar Capital structured the Accounts Receivable financing facility to provide reliable access to liquidity tied to outstanding invoices. The facility allows the company to maintain consistent payroll, support ongoing contract activity, and manage cash flow more effectively and predictably as invoice volume increases.
The new financing strengthens the company’s financial flexibility and positions it to continue expanding its presence within the automotive manufacturing sector.
Contact: Becca Ripley
Director of Marketing
SouthStar Capital
Phone: (843) 800-8339
Email: becca@southstar.com
Website: southstar.com