Los Angeles-based Lawrence Financial Group closed more than $100 million in loan funding during 2020, including:
- $30 million for a manufacturer/distributor of home goods such as shelf liners, housewares and skincare products
- $20 million for a firm that distributes motor oil to convenience and grocery stores
- $5 million for a high-end designer/manufacturer of purses and accessories
- $4 million for a supplier of thermometers and infant and baby care products
- $3.5 million for a grower/processor of sun-dried tomatoes for grocery stores
- $4 million for manufacturer and distributer of solar installation supplies
- $3 million for an importer of children’s bikes to be sold on the internet
- $3 million for a firm selling women’s workout and dancewear
- $2.5 million for a provider of tenting and other camping supplies
- $2 million for a manufacturer/distributor of men’s shoes sold exclusively on the internet
- $2 million for a distributor of alcoholic beverages
- $2.5 million for a sub-contractor of space vehicles
- $2 million for a California winery
- $2.5 million for a Montecito estate home
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Other loans were closed for a variety of items, including a software suite for a bio-med concern, a facility for a real estate lending firm and equipment needed for lawn-care operator.
Lawrence also facilitated Paycheck Protection Program loans for its customers in conjunction with a banking institution.
Lawrence provides e-commerce lines of credit and asset-based financing, including loans secured by accounts receivable and inventory as well as term loans on equipment and intellectual property.
