The construction industry is experiencing unprecedented growth, and with it, the demand for essential services like soil removal is on the rise. However, rapid growth can present cash flow challenges for companies managing multiple projects at once. That’s why a leading soil removal provider turned to STAR Funding for support.
The Challenge: Cash Flow Strain During Peak Season
Soil removal is integral to construction, but it often involves extended payment terms and thin margins, which can strain cash flow as demand increases. This company needed immediate working capital to pay suppliers, meet payroll, and stay on schedule for current and future projects. Faced with these challenges, they sought a reliable financing solution to ensure smooth operations.
The Solution: $3 Million Accounts Receivable Factoring Facility
STAR Funding stepped in with a $3 million accounts receivable factoring facility, designed to meet the unique financial needs of construction-related businesses. Accounts receivable factoring allows businesses to convert outstanding invoices into immediate cash, providing fast access to funds without waiting for clients to pay.
With this factoring facility in place, the soil removal company can now maintain cash flow, purchase new equipment, and cover operational costs while taking on larger contracts. This financing has enabled them to focus on their core work—delivering essential soil removal services to construction sites without cash flow concerns holding them back.
The Future: Breaking Ground on Long-Term Success
At STAR Funding, we’re dedicated to providing financing solutions that fuel growth for our clients in construction and other industries. We’re proud to support this soil removal leader as they continue to scale and take on new challenges.
If your business needs a financial solution to maintain steady cash flow, consider STAR Funding’s accounts receivable factoring and purchase order financing options. Contact us today to see how we can help your business succeed.