Daily News: December 19, 2012

Star Funding Provides $5MM Facility to Solar Installation Firm

Star Funding provided a $5 million accounts receivable factoring facility to an installer of commercial solar projects. The facility will enable the client to expand the business safely and efficiently by insuring the credit risk of customers and expediting cash flow.

Larry Frohnhoefer, Star Funding’s senior EVP of Business Development, stated, “We see the potential for high growth in the solar and green energy industry. Our team at Star Funding looks forward to helping the client grow its business with a customized flexible financing program.”

Star is a privately held company that enables undercapitalized companies to expand their businesses and sustain rapid growth.