Lawrence Financial closed 11 transactions in Q1/18 with a total value of more than $20 million.
Below are some brief highlights of the transactions:
- $10 million for three related nationwide staffing concerns in a financing in conjunction with Lawrence Financial’s joint venture partner, FSW Funding of Arizona. These related revolving lines of credit will allow the companies to continue their growth and expansion.
- $5 million A/R credit lines for a pharmaceutical product operation with operations in Puerto Rico, Kentucky and New Jersey
- $2 million short term loan to an eight-unit California restaurant chain
- $2 million revolving line of credit to a developer, manufacturer and distributor of cosmetic face masks for women. The group had received a contract from Target stores and required money to ramp up its facilities.
- $1 million term loan to a California-based group that provides government-subsidized affordable wireless services to low income families
- $1 million real estate funding to a Los Angeles venture fund with monies to be used for an investment
- Lines of credit also were provided to a California-based food truck operator and a tire distributor. The first client needed money to buy new trucks and working capital to get the new trucks operational. The tire distributor required lines of credit to add additional products.