Charleston, SC –
SouthStar Capital is pleased to announce the funding of a $1 million Debtor-in-Possession (DIP) Accounts Receivable (A/R) Factoring Facility for a long-established manufacturing company currently undergoing Chapter 11 reorganization. This deal was referred by an attorney and required an A/R factor to step in. Founded over 60 years ago, the company manufactures paper products for large clients across the financial and retail sectors.
At its peak, the business operated through several entities with combined revenues exceeding $20 million. In recent years, the organization consolidated operations under a single brand and entered Chapter 11 protection to restructure and stabilize operations.
The court approved DIP super-priority status on accounts receivable, allowing SouthStar Capital to step in with a tailored factoring facility to provide much-needed liquidity during the restructuring process. This funding enables the company to continue operations, meet payroll, and fulfill customer orders while navigating bankruptcy.
About SouthStar
SouthStar Capital, LLC is a nationwide commercial finance company with a 17-year track record of excellence, innovation, and customer satisfaction. We specialize in providing comprehensive, customized working capital solutions, including Accounts Receivable Financing, Asset-Based Lending, Purchase Order Financing, Equipment Leasing, Government Contracting, Invoice Factoring, and Payroll Funding.
Contact: Becca Ripley
Director of Marketing
SouthStar Capital
Phone: (843) 800-8339
Email: becca@southstar.com
Website: southstar.com