Daily News: September 6, 2017

Capstone Closes Six Deals Totaling $5.9MM

Capstone Business Funding and Capstone Credit closed six transactions totaling $5.9 million.

Capstone Credit provided a $1 million recourse factoring facility for a manufacturer and distributor of water treatment and purification systems used in the food processing industry.

Outlined below are brief descriptions of the non-recourse factoring facility deals from Capstone Business Funding:

  • $750,000  for a drywall and painting contractor.
  • $900,000 for a masonry contractor.
  • $2 million for a real estate consulting firm
  • $500,000 for an electrical contracting company
  • $750,000 for a supplier of electrical supplies, safety equipment and HVAC equipment