| Investopedia: "Turnaround is a situation where a company that has had poor performance for an extended period of time experiences a positive reversal. " (credit: investopedia.com) |
For turnaround finance, consider STAR Funding. STAR is a privately held company which has been in the turnaround finance business since January 1999. Our typical client is a small to medium-sized company in the Import/Export, Wholesale or Manufacturing business. We finance most types of merchandise except for perishables or other products with questionable or extended terms or conditions such as consignment sales.
Our clients tend to be undercapitalized, fast-growing businesses, in a pre-sold position with their customers. We finance start-ups, provided management has a solid resume and business plan. We tend to be transaction and collateral oriented, and place less emphasis on the size and makeup of the balance sheet compared with traditional lenders.
Our clients look to us for creative and reliable turnaround financing. We offer a mix of talents in Letters of Credit, Logistics, Finances and Manufacturing, all of which come into play when servicing our clients' needs. We are committed to helping our clients be successful in today's competitive marketplace. We can finance transactions as small as $100,000, or greater than $10,000,000. We are fully vertical in our approach to financing the business cycle, including our client's purchase orders, inventory and receivables.
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