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Republic Business Credit provides $2 million factoring facility to Southern Diesel Delivery Company, supporting its growth amid rising demand for mobile refueling services.
Amount Raised
$2 Million
Round Type
Seed
Investors
Description
Republic Business Credit has provided a $2 million factoring facility to Southern Diesel Delivery Company to accelerate its growth. This financing aims to support the company's operations amid the increasing demand for onsite refueling services in the Southeast. Southern Diesel specializes in mobile refueling for construction equipment, helping contractors improve productivity. The partnership addresses a working capital challenge created by longer payment terms from large customers.
Fundz sees it the moment Southern Diesel Delivery Company raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Southern Diesel Delivery Company raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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