After more than two decades building FSW Funding, Robyn Barrett sold the prominent factoring firm to Oxford Commercial Finance this past spring. Even with the sale, Barrett is still committed to growing the company and maintaining her people, all while taking on new opportunities.
Lawrence Financial funded $30 million in deals during Q1/22, including $10 million in purchase order financing for a distributer of COVID-19 home test kits.
Among its highlights from Q1/21, Lawrence Financial Group funded $10 million for a school bus wholesaler and provided $9.5 million to a Philadelphia-based marketing firm.
FSW Funding promoted Ashton Bennett to director of operations. Bennett will oversee the management of the factoring and asset-based lending portfolio for FSW.
FSW Funding provided a $5 million credit line (along with an accordion feature) to a California-based staffing company that was having issues with its current lender.
FSW Funding hired Nick Broderick and Morgan Hansen as business development officers to support growth and expansion in the West and East. Broderick is based in Phoenix and Hansen is based in Atlanta.
FSW Funding hired Shauna Bittinger as a portfolio analyst. Prior to joining FSW Funding, Bittinger worked as an accounting clerk for an Arizona-based electrical and communications contractor.
FSW Funding, a Phoenix-based company that specializes in financing solutions for small and mid-size businesses, promoted Ashton Bennett to the position of operations manager. Bennett will oversee the management of the factoring and asset-based lending portfolio.
FSW Funding completed a $5 million financing facility for a Rocky Mountain-based ammunition designer, manufacturer, and marketer for sporting goods products.