What is Southern Plastering?
Headquartered in Memphis, Tennessee, Southern Plastering operates as a specialized entity within the commercial and residential construction industry. With a lean workforce of 10 to 19 professionals and annual revenues ranging between 1M and 5M, the company has established itself as a reliable provider of high-quality plastering and finishing services. Its market position is defined by a commitment to structural integrity and aesthetic precision, catering to a diverse clientele that demands rigorous standards in building maintenance and new development projects.
How much funding has Southern Plastering raised?
Southern Plastering has raised a total of $275K across 2 funding rounds:
Debt
$150K
Debt
$125K
Debt (2020): $150K with participation from PPP
Debt (2021): $125K led by PPP
Key Investors in Southern Plastering
PPP
Public-Private Partnership
What's next for Southern Plastering?
With the recent influx of capital, Southern Plastering is well-positioned to scale its operations and potentially expand its regional influence. The strategic utilization of debt financing suggests a focus on asset acquisition or the scaling of labor-intensive projects that require significant upfront liquidity. Moving forward, the company is expected to prioritize operational efficiency and market penetration, leveraging its established reputation in Tennessee to capture larger-scale contracts. The firm's ability to manage these debt obligations while maintaining steady revenue growth will be critical as it navigates the complexities of the current construction market cycle.
See full Southern Plastering company page
