Star Funding Inc., which specializes in purchase order finance and A/R financing, recently closed $8.5 million in the following transactions:
- $1 million purchase order finance and factoring facility for a New York-based manufacturer and distributor of personal care products, journals, candles and other consumer goods
- $5 million purchase order finance and factoring facility for an importer and wholesaler of consumer electronics based in California
- $2.5 million purchase order finance and factoring facility for an importer and wholesaler of spirits and food based in California
STAR is a privately held company which has been in the purchase order finance, letter of credit and factoring business since january 1999.