Star Funding is a provider of purchase order (PO) financing and working capital solutions to small businesses. Its other services include accounts receivable factoring, letters of credit, supplier credit facility, and lender funding. In this article, we cover Star Funding reviews and pricing. Ready to get started? Apply now.
Summary of Star Funding Reviews
As of the date this article was written (February 12, 2019), there are no Star Funding reviews online. If you are a past or current Star Funding customer, leave a review to help other business owners who are deciding whether or not to use the company.
Star Funding Pricing
Star Funding pricing and rates are not published on its website. Factoring rates from other similar providers range from 0.75% to 4%. Some have origination fees and annual renewal fees. Interested users may contact the Star Funding sales team for more information on its rates and other services.
Ready to get started with Star Funding? Apply now.
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Star Funding Features
Check out the list below of some of Star Funding features:
- Purchase order funding for finished products
- Purchase order funding work-in-process
- Letters of credit
- Supplier credit facility
- Lender funding services
- Funding adviser assistance
- Streamlined due diligence onboarding process of funding
Star Funding FAQs
Do I need to have good personal credit to qualify for PO financing?
No. Star Funding’s PO financing transaction relies on the end customer’s credit and ability to pay for goods. The company also evaluates the client’s ability to produce the goods and deliver them according to the details specified in the customer purchase order.
What are the PO financing costs for small businesses?
Pricing and costs for PO funding vary based on the setup of the supply chain. The two types of purchase order finance are Finished Goods and Work-in-Process. Pricing is structured based on a 15- or 30-day time period from the time Star Funding takes exposure on a transaction until they are paid back by the proceeds from the sale of the goods. Interested parties may contact the company’s sales team for more details.