SouthStar Capital Provides $750,000 AR Financing Facility for a Newly Launched Directional Drilling Company

August 19, 2025 - Charlotte, NC - SouthStar Capital is pleased to announce the funding of a $750,000 Accounts Receivable (A/R) Financing facility for a newly launched directional drilling company specializing in fiber optic projects. Founded by a husband-and-wife team with extensive industry knowledge and hands-on expertise, the company has quickly established itself as a reliable provider in the fiber optic drilling market.

While newly established, the founders brought proven industry expertise to their venture and quickly began securing contracts. Like many start-ups, however, high upfront equipment and operational costs placed immediate pressure on cash flow, creating the need for a reliable working capital solution.

SouthStar Capital stepped in with a customized $750,000 A/R Financing facility, structured to meet both short-term demands and long-term growth opportunities. By leveraging newly generated receivables, the company gained fast access to working capital for payroll, equipment costs, and reinvestment into drilling operations. With customer contracts and forms submitted promptly, SouthStar was able to implement the facility in approximately five business days, ensuring the company could operate smoothly without delay.

“SouthStar’s ability to move quickly and structure a facility around the client’s immediate needs has provided this new venture with the stability required to grow with confidence,” said Scott Norris, Portfolio Manager at SouthStar. With this financing in place, the Charlotte-based firm has established a strong financial foundation that positions it for long-term success in the competitive fiber optic drilling market. Backed by SouthStar Capital’s scalable terms and competitive structure, the company is now focused on expansion and delivering high-quality services to its customers.