Daily News: October 24, 2013

Star Funding Provides $750,000 to Merchandise Distributor

Star Funding announced that it 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, stated, “The client was self-funded, but because of growth projections needed Star’s help to continue expansion.”