Star Funding Inc. announced that it has provided $750,000 in financing to a New York based manufacturer and distributor of general merchandise goods with annual sales of $3 million.  The financing facility will provide the client accounts receivable factoring to improve cash flow for the business. 

Jack McLaughlin, senior vice president of business development at Star Funding, Inc. stated, “The client was self funded, but because of growth projections needed Star’s help to continue expansion.”

Star is a privately held company which has been in the purchase order finance for both work-in-process and finished goods, letter of credit and factoring business since January 1999.