Charleston, SC –
SouthStar Capital is pleased to announce the funding of a $5 Million Accounts Receivable financing facility for a Michigan-based distributor of medical-grade wound-care products serving clinics and medical practices nationwide.
The company supports a broad base of healthcare providers and operates under payment structures that require supplier payments before customer reimbursement. As sales volumes continued to increase, the business needed additional working capital to support purchasing activity and manage cash flow tied to outstanding receivables.
SouthStar Capital structured a $5 Million Accounts Receivable financing facility that provides consistent access to liquidity based on eligible invoices. The facility allows the company to maintain strong supplier relationships, fund inventory purchases, and continue scaling operations while preserving financial flexibility.
“Healthcare distributors often grow quickly but still have to bridge the gap between paying suppliers and getting paid,” said Scott Norris, Assistant VP / Portfolio Manager at SouthStar Capital. “This facility helps align cash flow with demand while supporting the company’s continued expansion.”
The financing strengthens operational stability and positions the distributor to pursue additional growth opportunities across its nationwide customer base.
Contact: Becca Ripley
Director of Marketing
SouthStar Capital
Phone: (843) 800-8339
Email: becca@southstar.com
Website: southstar.com