Lawrence Financial Group announced the funding of a total of $100 million in the first three quarters of 2016.

Highlights of third quarter results included:

• $10 million revolving secured line of credit for a Los Angeles area based furniture retailer. The six store chain sought additional capital to fund its repaid expansion in other parts of California.
• $6 million bank line for a manufacturer of reverse osmosis membranes. The firm, located in Vista, CA, also manufactures and distributes water filtration systems. Money from the bank line will be used for new product development.
• $3 million inventory secured line for a California toy import company. Previously, Lawrence had provided an accounts receivable revolver. Due to its seasonal nature, the borrower sought funding to build its inventory prior to sale.
• $3 million for golf products distributor. Based in Anaheim, CA, the company designs and manufactures primarily for golf courses,country clubs,resorts,parks and hotels. Products include irrigation equipment, chairs, signage, receptacles and all other types of things needed by its customers. Founded 20 years ago, the firm continues its rapid expansion and needed funding.
• $2 million term loan for a high tech development concern. This term loan will be used to purchase additional equipment.
• $2 million international working capital facility for manufacturer and distributor of consumer electronics. Prior monies were provided by Lawrence for the company’s domestic operations.
• $1 million additional funding for entertainment client. This client, a producer and distributor of reality television programming, needed a larger accounts receivable line of credit for new show development.

Earlier in 2016, Lawrence had assisted clients in obtaining more than $75 million. Significant transactions included:

• $35 million facility for a California outdoor products group. The company imports, manufactures and distributes a wide range of items, including back packs, luggage, accessories and apparel.
• $7 million made available to a construction equipment firm. Based in Simi Valley, this firm imports compressors, generators, and other things needed by builders. Funding was used to acquire additional inventory for re-sale.

Lawrence, founded in Los Angeles in 1990, has assisted more than 1,000 companies to obtain financing for growth, expansion, acquisition and re-structure. Leading the Lawrence team is Chairman Lawrence Hurwitz and Managing Partner Haze Walker.

Lawrence specializes in providing asset-based financing including loans secured by accounts receivable and inventory, as well as term loans on equipment and Intellectual property. Other areas of expertise include purchase order loans, financing companies selling to offshore customers. Lawrence also arranges subordinated debt, mezzanine and junior subordinated funding, cash flow and DIP loans.