Crestmark Closes 11 Transactions Totaling Nearly $17 Million in the First Half of April

TROY, Mich., (April 18, 2017) – Crestmark secured a total of $16,780,000 in financial solutions for 11 new clients in the first half of April.

  • On April 1, a $3,100,000 new lease transaction was completed with a child care provider in the midwestern U.S. The financing will be used for security equipment.
  • A $6,000,000 new lease transaction was completed on April 4 with a telecommunications provider in the western U.S. The financing will be used for technology equipment.
  • On April 6, a $350,000 accounts receivable purchase facility was provided to a trucking company in Tennessee. The financing will be used for working capital purposes.
  • A $250,000 traditional factoring facility was provided on April 7 to a men’s footwear and apparel company in North Carolina. The financing will be used for working capital purposes.
  • On April 10, a $750,000 traditional factoring facility was provided to a distributor of men’s apparel in New York. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $500,000 accounts receivable purchase facility was provided on April 10 to a service provider for the oil and gas industry in Ohio. The financing will be used for working capital purposes.
  • On April 11, a $250,000 accounts receivable purchase facility was provided to a trucking company in California. The financing will be used for working capital purposes.
  • A $100,000 accounts receivable purchase facility was provided on April 11 to a trucking company in Alabama. The financing will be used for working capital purposes.
  • On April 11, a $400,000 accounts receivable purchase facility was provided to a trucking company in Missouri. The financing will be used for working capital purposes.
  • A $5,000,000 ledgered line of credit facility was provided on April 11 to a manufacturer of cosmetics and pharmaceutical products in New Jersey. The financing will be used to pay off an existing lender and for working capital purposes.
  • On April 12, an $80,000 accounts receivable purchase facility was provided to a trucking company in Illinois. The financing will be used for working capital purposes.