Capstone announces two recent fundings. They are:

Capstone Credit LLC closed a $750,000 factoring facility for e New York Times bestselling cookbook author.  The author has published two books under the facility with a third booking pending for publication in December of 2016.

Additionally, Capstone Business Funding closed a $3 million non-recourse factoring facility for a minority mechanical contractor that has contracts with the School Construction Authority and several large general contracts through the five borough.  The client had an unexpected surge in business as a result of several bids being awarded simultaneously.  The factoring facility will allow the mechanical contractor to complete its work on time and within budget preserving their reputation and their profit margins.

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.