FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Capstone Announces Three Recent Transactions Totaling $50.2MM

April 29, 2016, 07:43 AM

Capstone Capital Group, LLC in Conjunction with Capstone Credit, LLC provided a $20 million purchase order financing and factoring and factoring facility for a multidivisional bakery group located in the Midwestern United States. The client acts as a co-packer form major branded bread and doughnut wholesalers and food service distributors throughout the United States, the Caribbean and Australia.

Capstone Business Funding provided a $1.2 million non-recourse factoring facility to a Texas based painting and drywall contractor.  The client anticipates increased sales and profitability growth now that it has access to adequate capital to support its business growth.  Having a non-recourse facility allows us to grow based on our customer’s financial strength versus our own balance sheet.

Capstone Credit, LLC provide a two year $30 million recourse factoring facility to a minority owned Construction Management Company.  The client provides skilled professional on a contract basis to major construction projects throughout the Pennsylvania, New Jersey and New York metro corridor.

Capstone provides a vertically integrated platform for it’s purchase order and trade finance clients that allows it to finance the entire trade cycle from the issuance of a payment instrument or supplier credit facility through the factoring of the related accounts receivable once goods or services are delivered.







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.