A non-emergency medical transport company faced a financial challenge when their debtors extended payment terms unexpectedly. Despite having established operations for three years and a fleet of nine transport vehicles, the shift to longer NET terms created a cash crunch, with payroll and fuel costs mounting rapidly.
This transport company, which invoices every two weeks, suddenly faced longer waits for payment, leading to cash flow shortages just when they needed funds the most. Payroll and fuel costs were adding up, and their Merchant Cash Advance (MCA) balance added another layer of financial pressure.
Recognizing the urgency, SouthStar Capital stepped in with a $150,000 Accounts Receivable (A/R) facility. By converting outstanding invoices into immediate cash, this financing solution stabilized the company’s cash flow. This meant they could confidently cover payroll and fuel expenses, ensuring uninterrupted service delivery.
At SouthStar Capital, we specialize in providing fast, flexible, and customized financial solutions for your buisness. Our commitment to being a proactive partner means we’re always ready to tackle challenges and offer immediate assistance, ensuring businesses like yours can focus on what truly matters—growth and success.
Learn more on how to grow your business with Accounts Receivable Financing