Capstone Capital Group, and its affiliates, provided financing facilities encompassing PO financing and factoring facilities totaling in excess of $50 million to three customers. Outlined below are brief descriptions of the transactions:

$20 million – Capstone Capital Group, in conjunction with Capstone Credit, provided $20 million PO financing and a factoring facility for a multidivisional bakery group located in the Midwestern U.S. The client acts as a co-packer form major branded bread and doughnut wholesalers and food service distributors throughout the U.S., the Caribbean and Australia.

$30 million – Capstone Credit provided a two-year $30 million recourse factoring facility to a minority owned construction management company. The client provides skilled professional on a contract basis to major construction projects throughout the Pennsylvania, New Jersey and New York metro corridor.

$1.2 million – Capstone Business Funding provided a $1.2 million non-recourse factoring facility to a Texas-based painting and drywall contractor. The client anticipates increased sales and profitability growth now that it has access to adequate capital to support its business growth. Having a non-recourse facility allows us to grow based on our customer’s financial strength versus our own balance sheet.

Capstone provides a vertically integrated platform for its purchase order and trade finance clients that allows it to finance the entire trade cycle from the issuance of a payment instrument or supplier credit facility through the factoring of the related accounts receivable once goods or services are delivered.