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Lawrence Financial Group Closes More Than $30MM in Transactions in Q1

April 20, 2017, 07:00 AM
Filed Under: Industry News

Lawrence Financial Group announced the closing of first quarter, 2017, transactions with a total value of more than $30 million. These include:

  • $10 million line of credit for a tire wholesaler and re-treading facility in Rancho Dominguez, CA. The revolving asset-based funding facility will be used to re-finance existing bank debt and help expand its rapidly growing business. Founded in 1983, the company specializes in intermodal chassis and trailer tires. In addition to its operations in California, it maintains warehouses in Missouri and Arkansas
  • $9 million was arranged for a woman-owned contract therapy firm based in Santa Ana, CA. Since 1990, the company has been providing physical therapy, occupational and speech assistance to patients in skilled nursing facilities, assisted living centers and acute care operations. In addition, it offers elderly in-home therapy services.
  • $3.5 million term loan provided to a water bottling plant located in Orange County, CA. The funding will be used to purchase additional bottling equipment and to expand its business operations. In 2015, Lawrence arranged a $5 million revolving line of credit for the company
  • $1 million revolving line credit was provided to a Los Angeles-based snack food distributor. This facility was made in conjunction with FSW Funding in Phoenix, AZ. FSW is a long time joint venture partner of Lawrence Financial.
  • Additional term loans were arranged for a direct response skin cream marketer, a reality television producer and a toy wholesaler. These term loans, secured by cash flow, allow these businesses to expand and grow and is a fast-growing component of the services Lawrence provides.

Founded in Los Angeles in 1990, Lawrence Financial has assisted more than 1,000 companies to obtain financing for growth, expansion, acquisition and re-structure. Leading the Lawrence team is Chairman Lawrence Hurwitz and Managing Partner Haze Walker.

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