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Star Funding Provides $15 Million to Electronics Manufacturer

December 18, 2012, 10:00 AM

Star Funding provided a $15 million financing to a growing manufacturer and distributor of consumer electronics.  The facility will be used to provide purchase order finance and accounts receivable factoring, enabling the company to expand its capabilities in new markets.  The client is a supplier of electronic devices and consumer merchandise and has annual revenues of more than $100 million.

Howard Moore, senior vice president of business development at Star Funding stated, “We are very pleased to have provided this flexible facility allowing for the future growth of our client’s growing business.  The team at Star Funding looks forward to working with the Company’s seasoned management team in the years to come.”

Star is a privately held company which has been in the purchase order finance, letter of credit and factoring business since January 1999.

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