Crestmark Closes 10 Transactions Totaling Nearly $17.5 Million in the Second Half of November

TROY, Mich., (Dec. 6, 2016) – Crestmark secured a total of $17,400,000 in financial solutions for 10 new clients in the second half of November.

  • On Nov. 15, an $850,000 new lease transaction was completed with a Fortune 500 fast food company in the Eastern US.
  • A $2,800,000 asset-based line of credit facility was provided on Nov. 17 to a circuit board assembler in California. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Nov. 22, a $5,000,000 ledgered line of credit facility was provided to an aluminum extruder and fabricator in Wisconsin. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $1,250,000 accounts receivable purchase facility was provided on Nov. 22 to a trucking company in Tennessee. The financing will be used for working capital purposes.
  • On Nov. 22, a $4,000,000 ledgered line of credit facility was provided to a trucking company in New Jersey. The financing will be used for working capital purposes.
  • On Nov. 23, a $500,000 accounts receivable purchase facility was provided to a food brokerage and distributor in Georgia. The financing will be used for working capital purposes.
  • A $1,500,000 ledgered line of credit facility was provided on Nov. 23 to a trucking company in Colorado. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Nov. 29, a $500,000 traditional factoring facility was provided to a distributor of men’s and women’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 Nov. 30 to a packaging company in Illinois. The financing will be used for working capital purposes.
  • On Nov. 30, a $500,000 accounts receivable purchase facility was provided to a trucking company in Ohio. The financing will be used for working capital purposes.