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SouthStar Capital Provides $4MM Invoice Factoring Facility to Boost Second-Generation Manufacturing Company

November 27, 2024, 06:46 AM
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Topic: Industry News

SouthStar Capital announced the provision of a $4 million Accounts Receivable facility to a second-generation, family-run manufacturing company that serves industries such as aggregate, sawmill and asphalt. Since the 1980s, the company has built a strong reputation for reliability and innovation. However, with rising demand and expansion goals, the company faced the need for increased working capital to maintain its momentum.

SouthStar Capital's $4 million A/R facility provided the necessary financial flexibility to manage cash flow more effectively. This vital funding allowed the manufacturer to continue operating efficiently, ensuring timely service delivery across its key markets while upholding its long-standing commitment to quality.

With this financial boost, the company not only reinforced its position as an industry leader but also acquired new opportunities for growth and market expansion. SouthStar's tailored financing solution was key to sustaining the company's legacy of excellence and positioning them for continued success.

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