Capstone announced three recently closed transactions totaling $2.55 million. Details of the transactions include:

• Capstone Business Funding, LLC closed a $1 million non-recourse factoring facility of a construction subcontractor that supplies and installs structural steel for new construction and for buildings undergoing renovation.   The company is participating in the increased construction activity throughout New York City and has more opportunities available to it than it has in the recent past.
• Capstone Business Funding, LLC closed a $1.275 million non-recourse factoring facility for a waterproofing and roofing company based in Pittsburg, PA.  The company has been awarded several major contracts and required additional working capital to keep up with the demand for its services.
• Capstone Credit,, LLC closed a $275,000 factoring facility for a Maryland based security company.

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.