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IMPORTER OF NOVELTY ITEMS
A small company operated at breakeven or a loss for the first 5 years of its existence. Finally in the sixth year the company started to book substantial contracts with one of the larger domestic  retailers. The overseas manufacturers, however, required letters of credit before they would put the goods into production. Traditional lenders wanted outside collateral to support any letter of credit exposure. STAR issued the necessary letters of credit to the overseas suppliers based on the strength of the transaction without the benefit of side collateral. We paid for the merchandise when it was shipped, paid the duty and freight on arrival in the US, and factored the sale to the retailer. When the retailer paid the invoice, STAR took what was owed to it, and passed the net proceeds to the client. In one transaction, the client made up for most of his prior losses. STAR continues to fund this client's contracts to the same and other retailers.
IMPORTER OF MOTORS AND CHAIN
A minority company had been operating for a few years at break even to a small loss.
They did not have the financing to bid for large contracts, even though they had a competitive product and pricing. With STAR'S support, the company was able to bid successfully for larger contracts. STAR opened letters of credit to subject's Chinese suppliers and financed 100% of the transactions, thereby increasing the company's profits.
WHOLESALER OF NAME BRAND APPAREL
An experienced salesman with excellent contacts in the retail market had the opportunity of forming his own company to wholesale excess branded merchandise for a major manufacturer. Unfortunately he had limited funds, and the manufacturer would only sell him the product on cash terms. The salesman approached STAR through the efforts of a broker. STAR funded all of the entrepreneur's purchases that were pre-sold to credit worthy retailers. STAR also factored the resulting receivables.
IMPORTER OF MEDICAL DIAGNOSTIC EQUIPMENT
A US manufacturer of medical diagnostic equipment needed to  fill sizeable purchase orders from its local customers. The equipment consisted of a proprietary machine with a computer, a measuring instrument and some specially designed software. Based on firm orders from the client's customers, STAR opened L/C's to the overseas supplier of the machines. STAR inspected the machines prior to shipment, and paid for them while they were in transit. When the machines arrived in the US, STAR paid the duty and freight, and purchased computers just-in-time to reduce the overall costs to the client. The merchandise was shipped to the warehouse where the client wedded the computer to the machine and added his softwear and a measuring instrument. The product was delivered to the hospitals, and STAR factored the receivables.
APPAREL MANUFACTURER
A newly formed co. with its own designer line of apparel needed financing. STAR purchased the fabric domestically, and had it shipped to the manufacturer located in the Dominican Republic. When the manufacturer completed the cut, make and trim process, and the garments were completed, STAR paid the manufacturer for the finished garments. The product was delivered to the client's US customer in a timely fashion, and STAR factored the receivable.
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