Daily News: February 25, 2013

Lawrence Financial Facilitates Financing for Cosby Oil

Lawrence Financial Group announced the funding a $5 million working capital line of credit for Cosby Oil Corporation, Santa Fe Springs, CA. Lawrence said the financing, provided by a bank, will be used for growth and expansion.

Cosby Oil is a major petroleum product distributor, primarily for Phillips Conoco. Customers include automated fuel facilities, movie studios, hospitals and oil change shops. Cosby was founded in 1939 by Bill Cosby and has continually been family owned and operated.

According to the news release, Los Angeles, CA-based Lawrence Financial, founded in 1990, has helped more than 1,000 companies obtain $7 billion in lines of credit.