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Working Capital To Scale Direct-to-Consumer Sales

by StarWalker
Working Capital To Scale  Direct-to-Consumer Sales

A working capital loan to scale StarWalker Meats’ direct-to-consumer sales and strengthen their vertically integrated supply chain.

Project Summary
  • Location: Fort Jones, CA
  • Products: Livestock Value added/CPG
  • Loan Amount: $2,620,000
  • Loan Term: 36 months
  • Interest Only Period: 3 months
  • Net Interest Rate: 10.50% APR
  • Repayments Begin: 1 month after disbursement

Overview

For more than 50 years, the Walker family has been a steward of 7,000 acres in Northern California’s Scott Valley, raising Highland cattle, heritage pigs, and organic crops in a closed-loop system that supports both soil health and product quality. As the world’s first Regenerative Organic Certified®(ROC) pork producer, the first and only ROC beef operation in the U.S., and with the first ROC jerky in the world, the Walkers have built a vertically integrated model that spans from pasture to plate. In 2020, they expanded into direct-to-consumer sales, launching StarWalker Meats—a CPG brand bringing ROC-certified meat and jerky to a broader market. Supported by their own USDA-inspected processing facility, they’re setting a new benchmark for regenerative meat, with full traceability, animal welfare, and community investment at the core.


Use of Funds

StarWalker Meats is the consumer packaged goods (CPG) extension of StarWalker Organic Farms, offering premium meat and jerky products made exclusively from animals raised under Regenerative Organic Certified® standards.

This working capital loan will enable StarWalker Meats to purchase livestock from the family’s own farm to build up inventory, to meet upcoming retail and e-commerce demand, and to continue scaling production. The funds from this loan will also be used to refinance an existing working capital note, easing short-term debt service and strengthening the business’s overall financial position.

The Walkers have already invested in their own USDA-inspected processing facility, allowing them to manage their entire supply chain. With national distribution channels emerging and a growing consumer appetite for traceable, values-driven food, this next phase of growth is focused on expanding sales and bringing their ROC-certified meat products to more shelves across the country—and to more hands.


Ecological, Social, and Economic Stewardship Practices:

At StarWalker Organic Farms, regeneration is viewed as a long-standing commitment to working in sync with natural systems while producing nutrient-dense food for local and national markets. To consistently move towards this goal, the following practices are utilized: 

Ecological Stewardship:

  • Managed Grazing: Livestock are rotated through different pastures to allow land to rest and regenerate, improving forage quality and soil health.

  • Living Roots Year-Round: Cover crops are planted between main crops to build fertility, protect against erosion, and keep soil biology active.

  • Low Disturbance Practices: Minimal tillage preserves soil structure, retains moisture, and protects beneficial organisms below the surface.

  • Biodiverse Planting: A mix of crops and pastures supports pollinators, enhances resilience, and strengthens the overall ecosystem.

  • Soil Health Monitoring: Regular soil testing and digital tracking help guide adaptive management and measure ecological progress over time.

  • Pasture-Raised Animal Welfare: Animals are raised outdoors with space to roam, where they express natural behaviors, and are only confined when necessary (e.g., farrowing). The Walkers maintain strict records to uphold their Organic, Regenerative Organic Certified®, and GAP 4 certifications.

Social Stewardship:

  • Local Employment: The Walkers hire from the local community for both farm and processing operations.

  • Employee Care: Team members receive paid time off, access to farm-raised meat, and housing when needed. Processing staff also benefit from a bonus structure tied to output quality and quantity.

  • Food Access & Giving: The Walkers donate meat regularly to schools, food banks, and local events—with significant holiday season contributions.

Economic Stewardship:

  • Farm-to-Table Transparency: Meat is sold directly to households and wholesale buyers with full traceability back to the farm.

  • Localized Supply Chain: Wherever possible, materials like packaging and equipment are sourced from local or domestic suppliers.

  • Family Ownership & Legacy: The Walkers are committed to keeping the land and business family-owned, with a focus on long-term viability and stewardship.


Stewardship Statement: 

The Walker family and StarWalker enterprises are committed to maintaining a family-owned farm that focuses on raising Certified Organic and Regenerative Organic Certified meat products. They are committed to regenerative and sustainable farming practices and humane animal treatment from the field, to processing, to finished products. Throughout the term of the loan, they are committed to:


  • Maintaining Organic and Regenerative Organic Certification on their whole farm;
  • Keeping the long term health of their land at the forefront as they make pasture management decisions and crop plans;
  • Utilizing humane practices that respect the dignity of each animal both on the farm and in their processing facility;
  • Growing their volume of Regenerative Organic Certified products in order to bring more ROC beef and pork to the marketplace.
StarWalker’s regenerative approach is deeply embedded in every level of the operation—from land to livestock to market.

This loan will be made to StarWalker Meats, LLC and StarHarvest Co., LLC, California limited liability companies, which are part of the StarWalker family of companies that raises, processes, and sells organic and Regenerative Organic Certified beef and pork products. 

This loan will be used to refinance existing debt and provide additional working capital that will enable StarWalker Meats to purchase animals from their farm entity that are ready for harvest. This working capital is critical to meet the increasing demand for StarWalker’s Regenerative Organic Certified products. 

The total loan amount is $2,620,000.00. This is a secured loan backed by a second mortgage on StarWalker’s farmland as well as their distribution center and a third mortgage on their processing facility. Steward maintains a first priority mortgage on each of these properties through a separate processing facility acquisition loan. This loan is also backed by a UCC-1 on all assets held by StarHarvest Co, LLC and StarWalker Meats LLC.  The borrower's interest rate is 11%, with a net interest rate of 10.5% paid to participating lenders after Steward’s loan servicing fee is applied. The loan carries a 36-month term, with interest-only payments for the first three months of the loan term, followed by fully amortizing payments. 


Steward Underwriting Analysis Download

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