Daily News: January 12, 2017

Capstone Closes $60.35MM Total Financings


Capstone Business Funding and Capstone Capital Group closed several transactions for a total of $60.35 million in financing.

Capstone Business Funding closed a $20 million factoring facility and, in conjunction with its affiliate Capstone Capital Group, a $15 million purchase order financing facility for an international construction company that focuses on building and renovating luxury resorts throughout the Caribbean and South Pacific.

Capstone Business Funding closed a $950,000 non-recourse factoring facility for a Texas-based oil field services company.

Capstone Capital Group closed an $8 million trade finance facility for a steel importer and distributor of scrap steel and a $14 million pre-export trade finance facility for a scrap aluminum exporter.