A South Carolina-based digital marketing agency recently faced significant challenges when its bank severed ties following a sluggish year. Struggling with high-interest merchant cash advance (MCA) loans, the agency urgently needed financial support to restructure debt and enhance cash flow.
Despite its potential for rapid growth, the agency’s opportunities were compromised by financial instability. The abrupt end of their banking relationship and the burden of costly MCA loans jeopardized their ability to manage daily operations and take on new clients.
SouthStar Capital provided a working capital facility that not only delivered a crucial cash infusion, but also included a strategic debt restructuring plan, addressing the client’s immediate and long-term needs.
Key Benefits SouthStar Capital’s Financing Solution:
With SouthStar Capital’s strategic support, the digital marketing agency successfully navigated its 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.
Reference: https://www.southstarcapital.com/ar-financing/breaking-free-from-mca-loans-how-a-750000-accounts-receivable-facility-transformed-a-marketing-agency
For more information, visit southstarcapital.com
Media ContactCompany Name: SouthStar CapitalContact Person: Becca RipleyEmail: Send EmailPhone: (843) 800-8339Address:840 Lowcountry Blvd City: Mount PleasantState: SC 29464Country: United StatesWebsite: www.southstarcapital.com