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Webster Bank Provides $14,000,000 Recourse Factoring Facility to Stars Behavioral

October 11, 2023

Webster’s Bank’s Commercial Services Group provided a discretionary secured recourse factoring line of credit to Stars Behavioral Health Group, Inc. (“Stars”). The facility will be used to support the Company’s working capital requirements and significant growth.

Stars is based in Long Beach, CA and is the management company for eight wholly owned subsidiaries of a parent holding company. Started in 1988, Stars provides various mental health, substance abuse treatment, special education, and other human services for low-income adults, adolescents, children, and their families at 48 locations across California.

Recourse Factoring Facility
$14,000,000

Provided by:

Webster