SouthStar Capital Funds $14 Million DIP Facility to Support a Staffing and Logistics Company’s Reorganization

November 6, 2025 - SouthStar Capital is pleased to announce the funding of a $14 Million Debtor-in-Possession (DIP) Facility for a leading national logistics and warehouse-staffing company headquartered in Tennessee. The transaction included the buyout of the company’s existing DIP lender, which had reached its maximum exposure. With over $60 Million in annual revenue and a workforce that scales to more than 5,000 employees. The company required immediate access to working capital to sustain payroll, maintain operations, and navigate its reorganization process.

The flexibility and liquidity needed to support the company’s upcoming peak season and long-term recovery. The financing ensures stability through bankruptcy proceedings and positions the company for renewed growth post-reorganization.

“This transaction underscores SouthStar Capital’s ability to respond quickly and strategically to complex financial situations,” said Michael Haddad, President of SouthStar Capital. “By stepping in to replace the existing lender, we provided the client with the capital and partnership needed to keep operations moving forward and set the stage for future success.”

SouthStar Capital remains committed to delivering creative, customized, relationship-driven financing solutions that empower businesses across industries to overcome challenges and achieve sustainable growth.

About SouthStar 

SouthStar Capital, LLC is a nationwide commercial finance company, proudly serving businesses since 2008 with a track record of excellence, innovation, and customer satisfaction. We specialize in providing creative customized working capital solutions, including Accounts Receivable Financing, Asset-Based Lending, Purchase Order Financing, Equipment Leasing, Government Contract Financing, Invoice Factoring, Equipment Financing and Payroll Funding.