Lawrence Financial Funds $30MM in Q1/22

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. The client received large orders from municipalities and state agencies and needed the facility to pay its vendors and suppliers.

• A $7 million term loan for the purchase of a hospital. The borrower took over the municipal health facility and needed additional capital for the closing. The borrower’s plan is to transition from a general hospital to other health-related services.

• A $5 million revolving line of credit to a third-generation grower, manufacturer and distributor of tree nuts, such as almonds and pistachios. The borrower is based in California.

• $4 million in working capital for a 600-acre vineyard in Paso Robles, CA, negatively affected by the COVID-19 pandemic. The operator required additional funds to return its operation to normalcy. The facility included bulk and finished inventory, accounts receivable, equipment and cash flow components. The vineyard farms its own grapes and berries to mix with its wine product offerings.

• A $2.5 million purchase order/factoring transaction for a distributor of hunting equipment, which used the proceeds to fund growth and expansion. FSW Funding, the joint venture partner of Lawrence Financial, provided the factoring line.

• A $2 million revolving line of credit for a Los Angeles-based advertising production company.

• A $1.5 million term loan for a manufacturing facility, which will use the funding for growth.

Lawrence Financial also arranged funding for other transactions during Q1/22, including a progress billing line of credit to a roofing company, equipment loans and real estate transactions, including single-family residential second mortgages used for a business opportunity.