Capstone Business Funding and Capstone Capital Group recently funding five deals totaling $27 million. The deals are:
- Capstone Business Funding , LLC closed a $2.5 million non-recourse factoring agreement for a steel erection subcontractor operating in the metro NY construction market.
- Capstone Business Funding , LLC closed a $2 million non-recourse factoring agreement for a masonry subcontractor operating in the Capital Region of NYS.
- Capstone Capital Group, LLC closed a $14 million purchase order financing line for a supplier of mining equipment and its affiliate Capstone Credit, LLC closed a $20 million recourse factoring facility to provide the take funding for the PO line.
- Capstone Capital Group, LLC closed a $7.5 million purchase order financing line for a supplier of LED lighting fixtures and bulbs.
- Capstone Business Funding , LLC closed a $1million non-recourse factoring agreement for a roofing subcontractor operating in Arizona.
Capstone provides a vertically integrated platform for it’s purchase order and trade finance clients that allows it to finance the entire trade cycle from the issuance of a payment instrument or supplier credit facility through the factoring of the related accounts receivable once goods or services are delivered.