Charleston, SC – August 15th, 2024 – SouthStar Capital is proud to announce the successful provision of a $750,000 Purchase Order/Factoring Facility to a small business specializing in government contracting. This financing solution played a pivotal role in enabling the company to secure a substantial contract with a prominent school system in the western United States.
The company was presented with a significant opportunity to supply products to a leading school system. However, to fulfill this contract, they needed to make upfront payments to their supplier, ensuring that the products could be shipped promptly. SouthStar Capital stepped in to provide a $750,000 Purchase Order/Factoring Facility, empowering the company to settle its obligations with the supplier and facilitating the timely shipment of the required products.
With immediate access to the necessary funds, the company successfully executed the contract, delivering products on schedule. This accomplishment not only secured a prestigious contract but also reinforced the company’s reputation for reliability and efficiency in the competitive government contracting sector. SouthStar Capital remains dedicated to offering flexible financing solutions that help businesses seize new opportunities and overcome financial challenges.
About SouthStar
SouthStar Capital is a nationwide commercial finance company with a 16-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. Our non-traditional approach to funding allows us to cater to a wide range of businesses, from startups seeking growth financing to established companies needing enhanced cash flow.
For more Information Visit https://www.southstarcapital.com/government-contract/southstar-capital-750k-financing-facility-secures-government-contract
Media Contact
Company Name: SouthStar Capital
Contact Person: Becca Ripley
Email: Send Email
Phone: (843) 800-8339
Address:840 Lowcountry Blvd
City: Mount Pleasant
State: SC 29464
Country: United States
Website: www.southstarcapital.com