We are thrilled to announce that a leading glass manufacturer has secured a $2,000,000 Purchase Order (PO) and Accounts Receivable (AR) facility with STAR Funding.
This strategic financial support will empower the company to meet increasing demand and expand its market presence.
With sales projections reaching $12 million this facility is perfectly timed to support the company’s upward trajectory. The credit line is expected to peak at $2 million, providing the necessary capital to fulfill large orders, streamline operations, and reinforce the company’s ability to serve its growing customer base.
This manufacturer is a premier provider of glass containers, jars, and related products for a wide range of industries, from home décor and candle making to food and beverage packaging. In fact, if you’ve ever lit a candle at home, there’s a good chance the glass vessel came from this company! Its commitment to quality, reliability, and customer service has positioned it as a go-to supplier in the glass container space. In addition to new glass, the company also sells cullet (recycled glass), helping customers turn old glass into new products and support more sustainable manufacturing practices.
Before partnering with STAR Funding, the company encountered a few challenges with traditional cash advances. Recognizing the need for a more sustainable financial solution, it turned to STAR Funding for long-term support. This new facility will provide the working capital required to take advantage of several high-growth opportunities, ensuring continued success in an evolving market.
Purchase Order financing and Accounts Receivable factoring are powerful tools that help growing businesses overcome cash flow hurdles without giving up equity. Purchase Order financing allows a company to pay suppliers upfront to fulfill large customer orders, even when working capital is tight. Meanwhile, Accounts Receivable factoring provides immediate access to cash by advancing funds based on outstanding invoices. Together, these financial solutions give companies like this glass manufacturer the flexibility to say “yes” to bigger opportunities, fulfill orders faster, and maintain healthy operations while waiting for customer payments.
Why STAR Funding?
When fast-growing companies need to bridge the gap between customer orders and supplier payments, STAR Funding offers flexible, customized solutions that traditional lenders often can’t match. Our Purchase Order and Accounts Receivable financing programs are designed to grow alongside our clients, providing the working capital they need without giving up equity or taking on restrictive debt.
Looking Ahead
With financing now in place, this glass manufacturer is positioned to scale faster, deliver even more high-quality products to customers nationwide, and strengthen its commitment to sustainability. We are proud to support this exciting next chapter and look forward to the continued success of this innovative leader in the glass manufacturing space.