Crestmark Closes 10 Transactions Totaling Nearly $18.5 Million in the First Half of September

TROY, Mich., (September 20, 2017) – Crestmark secured a total of $18,455,000 in financial solutions for 10 new clients in the first half of September.

  • On Sept. 1, a $3,900,000 new lease transaction was completed with a property management firm in the western U.S. The financing will be used for capital equipment.
  • A $355,000 SBA 7(a) term loan facility was provided on Sept. 5 to an independent insurance agency in South Carolina. The financing will be used for acquisition purposes.
  • On Sept. 5, a $2,600,000 new lease transaction was completed with a telecommunications provider in the eastern U.S. The financing will be used for technology equipment.
  • A $3,750,000 asset-based line of credit facility was provided on Sept. 8 to a manufacturing parts distributor in Ohio. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Sept. 8, a $300,000 accounts receivable purchase facility was provided to a trucking company in Calgary, Canada. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $2,050,000 SBA 7(a) term loan facility was provided on Sept. 8 to a swim school franchise in Michigan. The financing will be used for working capital purposes.
  • On Sept. 11, a $1,250,000 traditional factoring facility was provided to a furniture manufacturer in Virginia. The financing will be used for working capital purposes.
  • A $250,000 accounts receivable purchase facility was provided on Sept. 12 to a startup trucking company in Virginia. The financing will be used for working capital purposes.
  • On Sept. 12, a $3,800,000 new lease transaction was completed with a transportation company in the southwestern U.S. The financing will be used for trailers.
  • A $200,000 accounts receivable purchase facility was provided on Sept. 15 to a trucking company in Louisiana. The financing will be used to pay off an existing lender and for working capital purposes.