Daily News: October 20, 2016

Capstone Closes Five Transactions Totaling $4.6MM


Capstone Business Funding and Capstone Capital Group closed five recent transactions totaling $4.6 million. Outlined below are brief descriptions of the deals:

  • $600,000 non-recourse factoring facility for a telecom and cabling infrastructure installation contractor
  • $1 ¬†million non-recourse factoring facility for an environmental remediation contractor that specializes in cleaning up environmental damage caused by manufacturing companies
  • $1.5 million non-recourse factoring facility for a Midwestern-based demolition contractor
  • $500,000 non-recourse factoring facility for a Philadelphia-based not-for-profit provider of childcare and medical services for low-income children
  • $1 million – Capstone Capital Group established a purchase order financing facility for a national wholesaler of industrial supplies to city, state and federal agencies. For the same company Capstone Credit established a collection factoring facility.