Capstone announced five recent transactions totaling $4.6 million. Details of these deals are as follows:
- Capstone Business Funding LLC established a $600,000 non-recourse factoring facility for a telecom and cabling infrastructure installation contractor.
- Capstone Business Funding LLC established a $1 million non-recourse factoring facility for an environmental remediation contractor that specializes in cleaning up environmental damage caused by manufacturing companies.
- Capstone Capital Group, LLC established a $1 million purchase order financing facility for a national wholesaler of industrial supplies to city, state and federal agencies. For the same company, Capstone Credit, LLC established a collection factoring facility.
- Capstone Business Funding LLC established a $1.5 million non-recourse factoring facility for a Midwestern- based demolition contractor.
- Capstone Business Funding LLC established a $500,000 non-recourse factoring facility for a Philadelphia- based not for profit provider of childcare and medical services for under privileged children.
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.