Charleston, SC – August 15, 2024 – SouthStar Capital is proud to announce the successful provision of a $750,000 purchase order/factoring line of credit to a small business specializing in government contracting. This financing solution played a critical role in enabling the company to secure a large contract with a well-known school system in the Western United States.
The company had a great opportunity to supply products to a leading school system. However, in order to fulfill this contract, the company needed to make upfront payments to its supplier to ensure that the products could be delivered on time. SouthStar Capital stepped in and provided a $750,000 purchase order/factoring facility that allowed the company to fulfill its obligations to the supplier and facilitate the timely delivery of the needed products.
With immediate access to the necessary funds, the company was able to successfully execute the contract and deliver the products on schedule. This achievement not only secured the company a prestigious contract, but also cemented the company’s reputation for reliability and efficiency in the competitive public procurement sector. SouthStar Capital remains committed to providing flexible financing solutions that help companies capitalize on new opportunities and overcome financial challenges.
About SouthStar
South Star (http://www.southstarcapital.com)Capital (http://www.southstarcapital.com) is a national 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, contract financing, equipment leasing, government contracts, invoice factoring and payroll financing. Our unconventional financing approach allows us to serve a wide range of businesses, from startups seeking growth financing to established companies in need of improved 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 (https://www.abnewswire.com/email_contact_us.php?pr=southstar-capital-provides-740000-purchase-orderfactoring-facility-for-government-contracting-opportunity)
Phone: (843) 800-8339
Address:840 Lowcountry Blvd
City: Mount Pleasant
State: SC 29464
Country: United States
Website: http://www.southstarcapital.com
This press release was published on openPR.
