Los Angeles-based Lawrence Financial Group completed transactions totaling $20 million in Q3/18.

Highlights included:

• $6.5 million for a Los Angeles-based sales promotion distribution company. This included a $4 million revolving line of credit, plus a $2.5 million term loan.
• $2.5 million for a manufacturer/distributor of nutrition bars. Lawrence had originally sourced a $2 million line for the company, plus a $5 million equity infusion.
• $2 million DIP line of credit to a well-known toy manufacturer to finance the firm during its Chapter 11 re-structuring. The revolving credit line was supplemented by a purchase order facility in order to help it continue to deliver merchandise to its customers.
• $1.5 million term loan and revolver sourced for a bakery equipment company.
• $1.5 million term loan obtained for a Las Vegas call center.

Lawrence specializes in providing asset-based financing, including loans secured by accounts receivable and inventory, as well as term loans on equipment and intellectual property.