Crestmark Closes 27 Transactions Totaling Nearly $14 Million in the Second Half of March

TROY, Mich., (April 5, 2017) – Crestmark secured a total of $13,891,000 in financial solutions for 27 new clients in the second half of March.

  • On March 15, a $1,000,000 new lease transaction was completed with an internet service provider in the midwestern U.S. The financing will be used for technology equipment.
  • A $1,500,000 new lease transaction was completed on March 15 with a grocery store chain in the eastern U.S. The financing will be used for infrastructure and refrigeration equipment.
  • On March 16, a $250,000 traditional factoring facility was provided to a distributor of men’s apparel in New Jersey. The financing will be used for working capital purposes.
  • A $675,000 accounts receivable purchase facility was provided on March 16 to a trucking company in Arkansas. The financing will be used for working capital purposes.
  • On March 17, a $150,000 accounts receivable purchase facility was provided to a trucking company in Arkansas. The financing will be used for working capital purposes.
  • A $350,000 accounts receivable purchase facility was provided on March 17 to a trucking company in California. The financing will be used for working capital purposes.
  • On March 17, a $166,000 insurance agency term loan facility was provided to an independent insurance agency in Michigan. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $250,000 accounts receivable purchase facility was provided on March 20 to a trucking company in Louisiana. The financing will be used to pay off an existing lender and for working capital purposes.
  • On March 20, a $100,000 accounts receivable purchase facility was provided to a trucking company in Tennessee. The financing will be used for working capital purposes.
  • A $265,000 SBA 7(a) term loan facility was provided on March 20 to an independent insurance agency in Colorado. The financing will be used for acquisition and for working capital purposes.
  • On March 20, a $660,000 term loan facility was provided to an automotive parts supplier in Michigan. The financing will be used for working capital purposes.
  • A $475,000 new lease transaction was completed on March 20 with a health care provider in the southeastern U.S. The financing will be used for medical equipment.
  • On March 21, a $500,000 ledgered line of credit facility was provided to a staffing company in Illinois. 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 March 21 to a trucking brokerage in Georgia. The financing will be used for working capital purposes.
  • On March 22, a $250,000 traditional factoring facility was provided to a distributor of fashion accessories in Florida. The financing will be used for working capital purposes.
  • A $250,000 traditional factoring facility was provided on March 22 to a wholesaler of men’s apparel in New Jersey. The financing will be used for working capital purposes.
  • On March 23, a $2,000,000 SBA 7(a) term loan facility was provided to a swim school in Massachusetts. The financing will be used for working capital purposes.
  • A $300,000 ledgered line of credit facility was provided on March 24 to a commercial coating company in North Carolina. The financing will be used for working capital purposes.
  • On March 24, a $750,000 new lease transaction was completed with a Fortune 1000 technology company in the midwestern U.S. The financing will be used for technology equipment.
  • A $400,000 accounts receivable purchase facility was provided on March 24 to a services provider for the oil and gas industry in Canada. The financing will be used to pay off an existing lender and for working capital purposes.
  • On March 24, a $150,000 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 March 24 to a trucking company in Pennsylvania. The financing will be used for working capital purposes.
  • On March 24, 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 $250,000 accounts receivable purchase facility was provided on March 27 to a trucking company in Texas. The financing will be used for working capital purposes.
  • On March 30, a $300,000 accounts receivable purchase facility was provided to a trucking company in Illinois. The financing will be used for working capital purposes.
  • A $200,000 accounts receivable purchase facility was provided on March 31 to a trucking company in Mississippi. The financing will be used for working capital purposes.
  • On March 31, a $2,000,000 asset-based line of credit facility was provided to a lighting manufacturer and distributor in Florida. The financing will be used to pay off an existing lender and for working capital purposes.