Crestmark Closes 21 Transactions Totaling More Than $15.5 Million in the Second Half of February

TROY, Mich., (Mar. 2, 2017) – Crestmark secured a total of $15,535,000 in financial solutions for 21 new clients in the second half of February.
• A $100,000 accounts receivable purchase facility was provided on Feb. 15 to a startup trucking company in North Carolina. The financing will be used for working capital purposes.
• On Feb. 17, a $100,000 accounts receivable purchase facility was provided to a startup trucking company in Arizona. The financing will be used for working capital purposes.
• A $100,000 accounts receivable purchase facility was provided on Feb. 17 to a trucking company in Colorado. The financing will be used for working capital purposes.
• On Feb. 21, a $500,000 accounts receivable purchase facility was provided to a freight brokerage in California. The financing will be used for working capital purposes.
• A $1,500,000 new lease transaction was completed on Feb. 21 with a grocery chain in the northeastern U.S.
• On Feb. 21, a $600,000 new lease transaction was completed with a manufacturing company in the midwestern U.S.
• A $100,000 accounts receivable purchase facility was provided on Feb. 21 to a trucking company in Montana. The financing will be used for working capital purposes.
• On Feb. 21, a $210,000 SBA 7(a) term loan facility was provided to an independent insurance agency in Texas. The financing will be used for acquisition purposes.
• A $100,000 accounts receivable purchase facility was provided on Feb. 22 to a trucking company in New Jersey. The financing will be used for working capital purposes.
• On Feb. 22, a $250,000 traditional factoring facility was provided to a garment importer in New Jersey. The financing will be used for working capital purposes.
• A $1,500,000 ledgered line of credit facility was provided on Feb. 22 to a home goods manufacturer in California. The financing will be used to pay off an existing lender and for working capital purposes.
• On Feb. 22, a $100,000 accounts receivable purchase facility was provided to a startup trucking company in Arizona. The financing will be used for working capital purposes.
• A $125,000 accounts receivable purchase facility was provided on Feb. 22 to a trucking company in Florida. The financing will be used for working capital purposes.
• On Feb. 22, a $250,000 accounts receivable purchase facility was provided to a trucking company in Kentucky. The financing will be used for working capital purposes.
• A $150,000 accounts receivable purchase facility was provided on Feb. 22 to a startup freight brokerage in Georgia. The financing will be used for working capital purposes.
• On Feb. 23, a $7,500,000 accounts receivable purchase facility was provided to an automotive parts manufacturer in Michigan. The financing will be used to pay off an existing lender and for working capital purposes.
• A $1,500,000 ledgered line of credit facility was provided on Feb. 24 to a manufacturer in Ohio. The financing will be used to pay off an existing lender and for working capital purposes.
• On Feb. 24, a $500,000 accounts receivable purchase facility was provided to a trucking company in Florida. The financing will be used to pay off an existing lender and for working capital purposes.
• A $150,000 accounts receivable purchase facility was provided on Feb. 27 to a startup trucking company in Tennessee. The financing will be used for working capital purposes.
• On Feb. 27, a $100,000 accounts receivable purchase facility was provided to a trucking company in New York. The financing will be used for working capital purposes.
• A $100,000 accounts receivable purchase facility was provided on Feb. 28 to a trucking company in Montana. The financing will be used for working capital purposes.