SouthStar Capital Supports IT Firm with $2M Financing Solution to Fulfill US Marine Corps Contracts and Drive Growth

The Situation
An IT consulting firm required purchase order (P/O) and accounts receivable (A/R) financing to support its operations related to government contracts with the US Marine Corps. The company was looking to finance up to $4 million in purchase orders to be paid by Atlantic Diving Supply (ADS). As this firm was finalizing terms with its supplier, it sought to secure a $2 million facility to ensure it could proceed without financial delays.
The Solution
SouthStar Capital provided this IT firm with a $2 million P/O and A/R facility, enabling them to cover the costs associated with their government contracts. This financial support ensured they could manage their cash flow effectively, secure the necessary supplies, and fulfill their contractual obligations to the US Marine Corps. The facility allowed them to move forward confidently, knowing they had the financial backing to support their significant projects.
The Result
With the $2 million P/O and A/R facility from SouthStar Capital, the IT company successfully financed its purchase orders and efficiently managed its accounts receivable. This support enabled it to fulfill its government contracts with the US Marine Corps on time, strengthening its reputation in the industry. The financial stability provided by SouthStar Capital allowed the IT firm to focus on its growth and secure additional contracts, ensuring long-term success and operational excellence.