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Capital Research Partners Arranges $50MM Credit Facility for SouthStar Capital

May 20, 2019, 08:30 AM
Filed Under: Lender Finance

Capital Research Partners & Co. announced that it arranged a $50 million credit facility for SouthStar Capital LLC.

Founded in 2008 in South Carolina, SouthStar Capital LLC is a fast-growing specialty finance company focusing primarily on factoring. With an experienced management team and strong client relationships, SouthStar extends and customizes credit facilities secured by collateral to commercial borrowers who cannot obtain bank financing. Products offered include: invoice factoring, accounts receivable financing, purchase order financing, equipment leasing, asset- based lending, government contract financing, and payroll funding.

The Company closed its first institutional financing with an alternative lender to the specialty finance sector. The new credit facility enables the company to significantly increase new asset originations throughout the U.S. while supporting rapid growth and providing strong acquisition capability. CRP continues to advise the company for specialty finance portfolio acquisitions.

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