Crestmark Closes 11 Transactions Totaling More Than $4.5 Million in the First Half of June

TROY, Mich., (June 16, 2016) – Crestmark secured a total of $4,635,000 in financial solutions for 11 new clients in the first half of June.

  • A $350,000 accounts receivable purchase facility was provided on June 2 to a trucking company in Florida. The financing will be used to pay off an existing lender and for working capital purposes.
  • On June 3, a $450,000 SBA 7(a) term loan facility was provided to an independent insurance agency in Nevada. The financing will be used for acquisition purposes.
  • A $150,000 accounts receivable purchase facility was provided on June 6 to a startup trucking company in Georgia. The financing will be used for working capital purposes.
  • On June 7, a $250,000 accounts receivable purchase facility was provided to a trucking company in California. The financing will be used for working capital purposes.
  • A $500,000 accounts receivable purchase facility was provided on June 8 to an importer of promotional merchandise in California. The financing will be used to pay off an existing lender and for working capital purposes.
  • On June 9, a $500,000 accounts receivable purchase facility was provided to a broadcasting network provider in New Jersey. The financing will be used for working capital purposes.
  • A $75,000 accounts receivable purchase facility was provided on June 10 to a trucking company in Florida. The financing will be used for working capital purposes.
  • On June 10, a $250,000 accounts receivable purchase facility was provided to a trucking company in Indiana. The financing will be used for working capital purposes.
  • A $1,200,000 ledgered line of credit facility was provided on June 10 to a metal stamp manufacturer in Missouri. The financing will be used for working capital purposes.
  • On June 14, a $760,000 SBA 7(a) term loan facility was provided to an independent insurance agency in Texas. The financing will be used for acquisition and working capital purposes.
  • A $150,000 accounts receivable purchase facility was provided on June 15 to a trucking company in Florida. The financing will be used for working capital purposes.