Crestmark Closes Five Transactions Totaling More Than $4 Million during the Last Weeks of August
Crestmark is pleased to announce that during August 13 to August 31 the company helped five new clients with agreements totaling over $4,360,000.
On August 13, Crestmark provided a $613,043 equipment loan to a full-service fabrication company in Texas. This is a secondary fund for a company’s whose main customer base is the oil and gas industry.
A company located in North Carolina was funded a $400,000 Ledgered Line of Credit on August 22. The company is a distributor of frozen lobster tails to seafood distributors throughout the United States. Funding will provide additional working capital.
Crestmark also funded a $750,000 traditional factoring agreement August 23 for a Maine-based organization that distributes fleece to specialty outerwear and large retailers across the country. Funding will provide additional working capital
On August 24, an environmental service and emergency response company was provided a $2,000,000 Ledgered Line of Credit. This Southern-based company handles everything from facility support to non-hazardous waste transport and disposal. Funding will be used for amortization and working capital.
And on August 30, Crestmark funded a $600,000 Ledgered Line of Credit for a Texas company that provides physicians staffing for hospitals.