Lawrence Financial Group funded more than $75 million in the third quarter of 2020. Despite Pandemic fears, Lawrence has been able to provide capital to several companies.

Highlights of Third Quarter:

• $30 million to a manufacturer of adhesive shelf liners and other household items. The revolving line of credit will grant the fast-growing firm money to fuel its growth and expansion. Founded in 1980 in Pomona, the company has developed numerous new houseware items such as school supplies, soaps, detergent, and skincare products.

• $20 million provided to an automotive products distributor for convenience, grocery, and hardware stores. The company, based in Rialto, CA, pivoted to the manufacturing of hand sanitizers when they experienced high demand from their customer base.

• $5 million arranged for an importer of thermometers. These instruments, such as dual scan ear and forehead digital items, have become in short supply during the pandemic. Customers include stores such as Target and Bed Bath, as well as internet sellers such as Amazon. Lawrence also facilitated a purchase order line of credit for the operation.

• $4 million supplied to a California solar Manufacturer. The company designs and manufactures proprietary systems to mount solar panels and accessories for residential sloped roofs. They currently sell to solar distributors, regional contractors, and select national contractors.

• $2 million term loan for equipment was arranged for a space vehicle provider. Founded by the original team from SpaceX, the entity has developed a rapidly deployable ground launch system. Contracts have been secured from the government to fulfill the needs of national security missions.

• $2 million loan facility was provided for an e-commerce seller of men's shoes. Sold on the internet, the company has developed a premium Italian leather dress shoe made as comfortable as sneakers. Sales of the shoes have grown substantially as many customers prefer ordering their shoes online rather than visiting the shoe stores.

Additionally, Lawrence facilitated more than $10 million in PPP loans. Through an arrangement with a lending institution, these loans helped struggling businesses affected by the pandemic.