Daily News: September 7, 2016

Capstone Closes $47MM in Recent Transactions


Capstone Business Funding and its affiliates Capstone Capital Group and Capstone Credit closed six transactions totaling $47 million.

Capstone Business Funding provided the following transactions:

  • $2.5 million non-recourse factoring agreement for a steel erection subcontractor operating in the New York City construction market
  • $2 million non-recourse factoring agreement for a masonry subcontractor operating in the Albany, NY region
  • $1 million non-recourse factoring agreement for a roofing subcontractor operating in Arizona

Capstone Capital Group provided a $14 million purchase order financing line for a supplier of mining equipment. Capstone Credit closed a $20 million recourse factoring facility to provide the take funding for the PO line.

Capstone Capital Group closed a $7.5 million purchase order financing line for a supplier of LED lighting fixtures and bulbs.