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Lawrence Financial Announces $30MM Funded in First Quarter of 2022

May 18, 2022, 07:00 AM

Lawrence Financial announced $30 million funded in the first quarter of 2022. Highlights of the first quarter included:

$10 million purchase order financing provided to distributer of Covid home test kits.
The client had received large orders from municipalities and state agencies. They needed the facility to pay its vendors and suppliers.

$7 million term loan was arranged to purchase a South Bay hospital. The borrower took over the municipal health facility and needed additional capital for the closing. Their plan is to transition from a general hospital to other health-related services.

$5 million revolving line of credit to a third-generation grower, manufacturer, and distributor of tree nuts such as almonds and pistachios. The borrower is the leading nut processing facility in the central valley of California.

$4 million working capital was extended to a 600-acre vineyard in Paso Robles, affected by the Covid pandemic. The operator required additional funds to return its operation to normalcy. The facility included bulk and finished inventory, AR, equipment, and cash flow. The vineyard sustainably farms its own Grapes and other berries to mix with their outstanding wine product offerings.

$2.5 million purchase order/factoring transaction was finalized for a distributor of hunting equipment, which they used to fund their growth and expansion, the funding offered the ability to service growing client demand from customers such as Walmart. The factoring line was provided by FSW, the joint venture partner for Lawrence Financial.

$2 million revolving line of credit was extended to a Los Angeles advertising production company. The borrower has a worldwide clientele and provides services to advertising agencies and firms needing production assistance.

$1.5 million term loan was supplied to a manufacturing facility. The funding will be used to fund their growth.

LF also arranged funding for numerous other transactions, including a progress billing line of credit to a roofing company, equipment loans, and real estate transactions including single-family residential second mortgages use for a business opportunity.

Lawrence Financial specializes in providing Ecommerce lines of credit asset-based financing, including loans secured by accounts receivable and inventory, as well as term loans on equipment and Intellectual property. Other areas of expertise include real estate, purchase order financing, acquisition financing, and cash flow loans. Lawrence also arranges subordinated debt, mezzanine and junior subordinated funding, cash flow, and DIP loans.

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