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Lawrence Financial Group Announced $150MM Funded in 2017

January 22, 2018, 08:00 AM
Filed Under: Industry News

Lawrence Financial Group announced funding in excess of $150 million for 2017.   More than 30 transactions were closed representing deals for accounts receivable funding, equipment financing, foreign situations, real estate bridge loans and seasonal inventory term loans among others. Since its founding in 1990, Lawrence has worked with more than a thousand businesses with funding of more than $7 Billion.
Highlights of some of the more significant arrangements closed in the Fourth quarter included:

  • $3 million real estate term loan secured by an educational institution in Downey, CA. This 35 year old non-denominational elementary school caters to the surrounding areas and offers supplemental programs in art, music and other positive learning experiences.
  • $2 million equipment facility for a water bottling plant. Previously financed by Lawrence, the firm needed to update its plant with state of the art processing facilities. The added capacity should substantially increase profitability and provide opportunities for further expansion.

Other significant transactions in the 4th quarter included:

  • Term loan to a van leasing company enabling the company to add to its fleet
  • Inventory loan to a high end furniture manufacturing concern
  • Real estate loan to re-finance an owner occupied manufacturing plant
  • Term loan to a Hollywood post production firm to update its capabilities
  • Cash flow facility provided to a distributor of tires to the trucking industry

Highlights of transactions closed earlier in the year included:

  • Purchase order funding was provided for a distributor of name-brand electronics. The company, based in California, specializes in high tech products such as Apple.
  • A Los Angeles-based trucking company was granted leasing lines to purchase new trucks and trailers.
  • Through its joint venture partner, FSW Funding of Scottsdale, AZ, accounts receivable lines were made available to several new clients, including a staffing firm and a manufacturer of body armor for military and police.
  • $45 million purchase of accounts receivable for liquidation was guided by Lawrence. A long established Los Angeles furniture retailer sought to monetize its portfolio of consumer contracts. Due to changes in the retail industry, the owners chose to shut down its stores and needed a buyer to purchase receivables due from its long-time customers.
  • $5 million working capital revolving line of credit was facilitated for a San Diego based marketing services firm. Founded in 2008, the company sought funding for expansion and acquisitions. Marketing services are performed for various financial services customers such as insurance companies, financial institutions, mortgage lenders and credit card providers.
  • $5 million was provided for a South Carolina-based distributor of printing cartridges and the like. The firm has assets in both US and UK and sells its products in more than 100 countries world-wide. Founded in 1985, its primary distribution relationship is with Ricoh of Korea. The line of credit was arranged as a cross border financing
  • $4 million receivables working capital line of credit was obtained by a PVC manufacturer. Company headquarters are in Santa Paula, CA. Specialized products are coated plastic piping used in a vast array of industries. The revolving facility was arranged with a bank with no personal guarantee due to the financial strength of the borrower. 
  • $5 million seasonal inventory term loan was received by a California toy import and distribution concern. Lawrence has provided the company receivable financing for the past 6 years, but, due to the seasonal nature of the business, a stand alone inventory availability was required to supplement financial requirements.
  • $2 million line of credit was obtained for a Sun Valley AV distribution firm. Customers include DJ’s, music concert promoters and other clients using these items. The business provides products such as speakers and lighting units from manufacturers such as Magma and Phillips, among others.
  • $3 million facility was provided for a high tech staffing company. Based in San Diego, is focused on offering flexible staffing solutions to the telcom industry.  Major clients are wireless operators who need immediate temporary help in areas such as tower maintenance, IT services, etc.
  • $1.5 million revolver was placed for a Scottsdale, AZ, manufacturer and distributor of holiday storage containers. The company sells these containers for use by consumers to store items including Christmas tree ornaments, holiday wrapping supplies and such.
  • $1 million was arranged as a capital placement for a flexible staffing firm in Long Beach and Orange, CA. Specialties include office, clerical, light manufacturing warehousing and similar. Temps are provided to a variety of companies in Southern California. 
  • $10 million revolving line of credit was facilitated for a Rancho Dominguez, CA, tire manufacturer and retread operation. The borrower is part of a Korean public company.
  • $9 million was provided for a woman owned home care and therapy concern based in Santa Ana, CA. The operation gives services to elderly and disabled individuals and families..


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