Lawrence Financial Closes More Than $185MM in Total Loan Fundings in 2021

Lawrence Financial closed more than $185 million in total loan fundings in 2021. Highlights from the year included: 

• A $35 million line of credit for a national guard and protection services company. The borrower needed additional working capital as it moved out of California to serve other areas.

• A $20 million revolving line of credit obtained for a motor oil distributor. Due to the COVID-19 pandemic, the company's focus on convenience stores called for more funding than its bank could offer.

• A $12.5 million sub-debt for an online distributor of office products. Due to supply chain credit issues, the company needed additional credit to expand.

• A $12 million purchase order availability for a snack food manufacturer. This augmented a previously arranged bank loan by Lawrence Financial.

• A $10 million flooring line for a school bus wholesaler experiencing challenges due to the COVID-19 pandemic.

• A $9.5 million credit line for an internet marketing agency to complete an acquisition.

• An $8.5 million bank line for a frozen food operation, which required the financing for a contract with Walmart.

• An $8 million factoring line from Lawrence Financial’s joint venture with FSW Funding to an operator of corporate housing for relocated business executives.

• A $7.5 million credit facility for a candy manufacturer/distributor, which will use the funds for additional sales opportunities.

• A $6 million real estate loan for a hotel in West Hollywood, CA, which will use the funding to maintain the property.