Crestmark Closes 10 Transactions Totaling Nearly $14.5 Million in the First Half of November

TROY, Mich., (November 17, 2017) – Crestmark secured a total of $14,478,600 in financial solutions for 10 new clients in the first half of November.

  • On Nov. 1, a $600,000 accounts receivable purchase facility was provided to a trucking company in Georgia. The financing will be used for working capital purposes.
  • A $1,978,600 insurance agency term loan facility was provided to an independent insurance agency in Washington on Nov. 1. The financing will be used for acquisition purposes.
  • On Nov. 2, a $100,000 accounts receivable purchase facility was provided to a trucking company in California. The financing will be used for working capital purposes.
  • A $1,300,000 ledgered line of credit facility was provided to a staffing company in Texas on Nov. 3. The financing will be used for working capital purposes.
  • On Nov. 3, a $250,000 traditional factoring facility was provided to a designer and wholesaler of textiles in New York. The financing will be used for working capital purposes.
  • A $1,500,000 ledgered line of credit facility was provided to a manufacturer and distributor of commercial outdoor equipment in Michigan on Nov. 7. The financing will be used for working capital purposes.
  • On Nov. 8, a $150,000 accounts receivable purchase facility was provided to a trucking company in Michigan. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $4,000,000 traditional factoring facility was provided to an importer and wholesaler of women’s apparel on Nov. 14. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Nov. 15, a $600,000 accounts receivable purchase facility was provided to a trucking company in Texas. The financing will be used for working capital purposes.
  • A $4,000,000 asset-based line of credit facility was provided to manufacturer and distributor of wireless towers in Indiana on Nov. 15. The financing will be used for working capital purposes.