Texas Construction Firm Secures $750K Factoring Facility to Drive Growth and Expansion

The Situation
A Texas-based construction company is poised for significant growth. The owner, with over 20 years of experience in the construction industry, acquired the company in September 2023. This company is a general contractor on industrial, commercial, and some residential projects, focusing on new commercial construction. The company, previously funded out of pocket by the owner, now seeks a factoring partner to take on larger jobs and scale operations.
The Solution
SouthStar Capital provided this construction company with a $750,000 factoring facility. The funding enables this company to take on larger contracts and bid on additional projects without financial constraints.
The Result
With SouthStar Capital’s $750,000 Factoring Facility, this company can confidently expand its operations and secure more substantial contracts. The company was able to factor in an $88,000 invoice immediately, providing the necessary funds to support ongoing and future projects. This financial support ensures they can meet contractual requirements, manage cash flow effectively, and focus on growth opportunities. The company’s vision for scaling the company is now within reach, allowing it to establish itself as a leading general contractor in the industrial and commercial construction sectors.