Crestmark Closes 24 Transactions Totaling More Than $21 Million in the Second Half of April

TROY, Mich., (May 3, 2017) – Crestmark secured a total of $21,314,000 in financial solutions for 24 new clients in the second half of April.

  • A $500,000 accounts receivable purchase facility was provided on April 17 to a distributor of private label rum in Florida. The financing will be used for working capital purposes.
  • On April 18, a $250,000 accounts receivable purchase facility was provided to a staffing company in Texas. The financing will be used for working capital purposes.
  • A $200,000 accounts receivable purchase facility was provided on April 19 to a trucking company in Texas. The financing will be used for working capital purposes.
  • On April 20, a $100,000 accounts receivable purchase facility was provided to a trucking company in Texas. The financing will be used for working capital purposes.
  • A $1,300,000 new lease transaction was completed on April 20 with a publishing company in the eastern U.S. The financing will be used for technology equipment.
  • On April 20, a $125,000 accounts receivable purchase facility was provided to a trucking company in Washington. The financing will be used for working capital purposes.
  • A $2,300,000 new lease transaction was completed on April 20 with a Fortune 500 electronics company in the midwestern U.S. The financing will be used for technology equipment.
  • On April 21, a $100,000 accounts receivable purchase facility was provided to a trucking company in Minnesota. The financing will be used for working capital purposes.
  • A $1,000,000 ledgered line of credit facility was provided on April 21 to an IT service provider in Texas. The financing will be used for working capital purposes.
  • On April 21, a $150,000 accounts receivable purchase facility was provided to a trucking company in Ohio. The financing will be used for working capital purposes.
  • A $1,000,000 accounts receivable purchase facility was provided on April 21 to a trucking company in Missouri. The financing will be used to pay off an existing lender and for working capital purposes.
  • On April 21, a $1,800,000 new lease transaction was completed with an apparel company in the northeastern U.S. The financing will be used for furniture, fixtures, and equipment (FF&E).
  • A New Jersey-based distributor of men’s apparel entered into a funds-as-collected traditional factoring facility with Crestmark on April 24. The financing will be used for working capital purposes.
  • On April 24, a $400,000 accounts receivable purchase facility was provided to a trucking company in Kentucky. The financing will be used for working capital purposes.
  • A $500,000 new lease transaction was completed on April 24 with a Fortune 1000 technology company in the midwestern U.S. The financing will be used for technology equipment.
  • On April 25, a $1,000,000 ledgered line of credit facility was provided to a telecommunications company in Missouri. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $3,000,000 accounts receivable purchase facility was provided on April 27 to a trucking company in Texas. The financing will be used to pay off an existing lender and for working capital purposes.
  • On April 27, a $135,000 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 $2,000,000 ledgered line of credit facility was provided on April 28 to an oil and gas services provider in Texas. The financing will be used to pay off an existing lender and for working capital purposes.
  • On April 28, a $254,000 SBA 7(a) term loan facility was provided to an independent insurance agency in Texas. The financing will be used for acquisition purposes.
  • A New Jersey-based distributor of women’s apparel entered into a funds-as-collected traditional factoring facility with Crestmark on April 28. The financing will be used for working capital purposes.
  • On April 28, a $3,000,000 legered line of credit facility was provided to a freight brokerage in California. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $700,000 insurance agency term loan facility was provided on April 28 to an independent insurance agency in California. The financing will be used for acquisition purposes.
  • On April 28, a $1,500,000 accounts receivable purchase facility was provided to a trucking company in Florida. The financing will be used for working capital purposes.