Crestmark Closes 20 Transactions Totaling Nearly $7.7 Million in the First Half of March

TROY, Mich., (March 17, 2017) – Crestmark secured a total of $7,680,000 in financial solutions for 20 new clients in the first half of March.

  • On March 1, a $440,000 new lease transaction was completed with a Tier 1 automotive company in the midwestern U.S.
  • A $100,000 accounts receivable purchase facility was provided on March 2 to a trucking company in Georgia. The financing will be used for working capital purposes.
  • On March 2, a $350,000 new lease transaction was completed with a financial services firm in the northeastern U.S.
  • A $100,000 accounts receivable purchase facility was provided on March 2 to a trucking company in North Carolina. The financing will be used for working capital purposes.
  • On March 3, a $125,000 accounts receivable purchase facility was provided to a trucking company in Texas. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $400,000 accounts receivable purchase facility was provided on March 6 to a startup freight brokerage in California. The financing will be used for working capital purposes.
  • On March 7, a $100,000 accounts receivable purchase facility was provided to a trucking company in Washington. The financing will be used for working capital purposes.
  • A $750,000 new lease transaction was completed on March 8 with a Fortune 500 company in the midwestern U.S.
  • On March 8, a $100,000 accounts receivable purchase facility was provided to a trucking company in Georgia. The financing will be used for working capital purposes.
  • A $2,500,000 ledgered line of credit facility was provided on March 8 to a manufacturer of outdoor apparel in Rhode Island. The financing will be used for working capital purposes.
  • On March 9, a $100,000 accounts receivable purchase facility was provided to a trucking company in Florida. The financing will be used for working capital purposes.
  • A $750,000 ledgered line of credit facility was provided on March 10 to a staffing company in Michigan. The financing will be used for working capital purposes.
  • On March 10, a $100,000 accounts receivable purchase facility was provided to a startup trucking company in Florida. The financing will be used for working capital purposes.
  • A $250,000 accounts receivable purchase facility was provided on March 10 to a startup trucking company in Texas. The financing will be used for working capital purposes.
  • On March 10, a $250,000 traditional factoring facility was provided to a manufacturer of men’s apparel in New York. The financing will be used for working capital purposes.
  • A $500,000 ledgered line of credit facility was provided on March 13 to an engineering firm in Texas. The financing will be used to pay off an existing lender and for working capital purposes.
  • On March 13, a $125,000 accounts receivable purchase facility was provided to a startup trucking company in Georgia. The financing will be used for working capital purposes.
  • A $450,000 accounts receivable purchase facility was provided on March 13 to a startup trucking company in Illinois. The financing will be used for working capital purposes.
  • On March 13, a $100,000 accounts receivable purchase facility was provided to a startup trucking company in Louisiana. The financing will be used for working capital purposes.
  • A $100,000 accounts receivable purchase facility was provided on March 13 to a startup trucking company in Arizona. The financing will be used for working capital purposes.