Star Funding closed eight facilities during Q1/16 for a total of $11 million.

Outlined below are brief descriptions of the deals:

• $3.5 million purchase order funding and factoring facility for a cosmetics distributor.
• $3 million purchase order funding facility for an office technology company factored by a bank.
• $1 million purchase order funding facility for an office furniture company backed by a Calfornia-based ABL firm.
• $1 million purchase order funding facility for New York-based children’s clothing brand.
• $500,000 factoring facility for a New York-based apparel company.
• $500,000 purchase order funding and factoring facility for a Detroit-based consumer products company.
• 500,000 purchase order funding facility for a New York-based apparel company backed by a New York-based factor.
• $2 million ABL for a bank technology services company.

Star Funding is brought in to situations where additional liquidity outside of an existing factoring or asset-based loan can help a business capitalize on near term growth opportunities.