Lawrence Financial Ends 2018 with $100MM in Provided Funding

Since its founding in Los Angeles in 1990, Lawrence Financial has funded more than 1,200 companies, providing more than $8 billion in capital. In 2018, they provided over $100 million in funding.

Highlights from 2018 included:

$5 million accounts receivable credit lines were arranged for a fast growing pharmaceutical product operation. With operations is Puerto Rico, Kentucky and New Jersey, the business had obtained a substantial contract to provide generic drugs to the Veterans Administration. They also manufacture and distribute over the counter, branded and contract manufacture drugs for numerous clients world wide.

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$4.5 million was structured to a manufacturer/distributor of energy and nutrition bars. Which included a $2.5 million working line of credit and $2 million purchase order line of credit. These bars are sold by retailers such as Starbucks and Target. Lawrence has arranged over $10 million for this client in the last 2 years including $5 million equity, accounts receivable financing, loans on inventory as well as equipment.

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$4 million for a manufacturer of modular structures based in Louisiana. These structures are blast proof portable buildings used by telecommunications entities. The $4 million was structured as a growth facility to allow fulfillment of major orders in house.

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$3.5 million to a distributor/installer of high speed cable equipment.This loan was structured as a revolving working capital line of credit. Funding will be used for expansion and growth

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$1 million obtained for a developer of credit card incentive programs. The borrower has received a large contract from Blue Cross and needed a short-term bridge loan. In addition to the Blue Cross agreement, they also provided real estate as back-up collateral.

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$2 million purchase order funding for a manufacturer and importer of toys. Client has a large order from Walmart and needed to pay the Chinese factory.

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$1 million was arranged for an exciting furniture start-up. The entity had received major interest from the market but needed seed funding for equipment.