Lawrence Financial Group Closes More Than $100MM in Loan Funding in 2020

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

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• $20 million for a firm that distributes motor oil to convenience and grocery stores

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• $5 million for a high-end designer/manufacturer of purses and accessories

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• $4 million for a supplier of thermometers and infant and baby care products

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• $3.5 million for a grower/processor of sun-dried tomatoes for grocery stores

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• $4 million for manufacturer and distributer of solar installation supplies

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• $3 million for an importer of children’s bikes to be sold on the internet

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• $3 million for a firm selling women’s workout and dancewear

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• $2.5 million for a provider of tenting and other camping supplies

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• $2 million for a manufacturer/distributor of men’s shoes sold exclusively on the internet

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• $2 million for a distributor of alcoholic beverages

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• $2.5 million for a sub-contractor of space vehicles

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• $2 million for a California winery

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• $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.