Daily News: April 4, 2012

Lawrence Financial Provides $7 Million to John B. Rudy Company

Lawrence Financial Group announced the funding of a $7 million working capital line of credit for the John B. Rudy Company (JBR) of Compton, CA. The funds will be used for growth and expansion.

JBR, founded in 1947, is a specialty distributor of wire and cable products used for connectivity. The firm specializes in networking infrastructure.

Lawrence, founded in 1990, assists middle-market firms seeking capital for growth and expansion as well as for restructure and acquisition.