Capstone Capital Closes $53.4MM in Factoring Facilities

Capstone Capital Group's Spot Factoring platform recently provided $53,400,000 in cash flow to growing companies or companies that are looking for a faster accounts receivable turnover.

Recently closed transactions include:

·         For a chemical distributor, Capstone established a $20,000,000 purchase order financing facility and a $20,000,000 recourse factoring facility to deliver specialized chemicals to a prominent oil provider.

·         Capstone established a $11,000,000 purchase order facility and recourse factoring facility for a kosher food manufacturer.

·         For a debris hauling contractor, Capstone established a $600,000 non-recourse factoring facility.

·         For a flooring company with high-profile fashion industry clients, Capstone established a $1,800,000 non-recourse factoring facility.

The platform is similar to factoring with the exception that there is no long-term contract, credit decisions are based on the creditworthiness of the Client's customers and funding is based on an invoice by invoice basis.