TSL Express Daily News

Highlights of the year included:

• $35 million line of credit for a national guard and protection services company. The borrower was experiencing rapid growth and needed additional working capital as it moved out of California to serve other areas nationwide.
• $20 million revolving line of credit obtained for a motor oil distributor. Due to Covid, the company's focus on convenience stores called for more funding than the bank could offer.
• $12.5 million sub-debt was established for an online distributor of office products. Due to supply chain credit issues, the company needed additional credit to expand.
• $12 million purchase order availability obtained for a snack food manufacturer. This augmented a previously arranged bank loan by Lawrence Financial.
• $10 million flooring line was set up for a school bus wholesaler. COVID's school closings presented challenges for its business.
• $9.5 million credit line arranged for a fast-growing internet marketing agency. Monies were needed to complete a strategic acquisition.
• $8.5 million bank line funded for a frozen food operation. The facility was required for a large contract with Walmart.
• $8 million factoring line made available from our joint venture FSW Funding to an operator of corporate housing for relocated business executives.
• $7.5 million credit facility was provided for an iconic candy manufacturer/distributor. Funds to be used for additional sales opportunities.
• $6 million real estate loan for a prominent hotel in West Hollywood. Funding was needed to maintain the property during covid.

In addition to the above, Lawrence assisted several borrowers with various term loans, real estate, equipment, sales/leasebacks, online direct to consumer, cash floor loans, acquisition funding, and facilities using name brands as collateral.

About us:

Lawrence Financial specializes in providing Ecommerce lines of credit asset-based financing, including loans secured by accounts receivable and inventory, as well as term loans on equipment and Intellectual property. Other areas of expertise include purchase order loans financing companies selling to offshore customers.

Lawrence also arranges subordinated debt, mezzanine and junior subordinated funding, cash flow, and DIP loans.

Lawrence Financial provides financing for growth, mergers, acquisitions, and cash flow. Lawrence, founded in Los Angeles in 1990, has assisted more than 1,200 companies in obtaining financing for growth, expansion, acquisition, and re-structure.