Crestmark Closes 12 Transactions Totaling More Than $7 Million in the First Half of January

TROY, Mich., (Jan. 18, 2017) – Crestmark secured a total of $7,310,542 in financial solutions for 12 new clients in the first half of January.

  • A $625,000 insurance agency term loan facility was provided on Jan. 3 to an independent insurance agency in Arizona. The financing will be used for acquisition purposes.
  • On Jan. 3, a $250,000 accounts receivable purchase facility was provided to a trucking company in Texas. 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 Jan. 3 to a startup trucking company in Florida. The financing will be used for working capital purposes.
  • On Jan. 5, a $3,000,000 asset-based line of credit facility was provided to an energy pipeline consulting firm in Texas. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Jan. 6, a $150,000 accounts receivable purchase facility was provided to a trucking company in Illinois. The financing will be used for working capital purposes.
  • A $100,000 accounts receivable purchase facility was provided on Jan. 6 to a startup trucking company in New Mexico. The financing will be used for working capital purposes.
  • On Jan. 6, a $35,542 term loan facility was provided to an equipment holding company in North Carolina. The financing will be used for working capital purposes.
  • A $2,000,000 ledgered line of credit facility was provided on Jan. 9 to an oil and gas service company in Oklahoma. The financing will be used for acquisition and for working capital purposes.
  • On Jan. 9, a $200,000 term loan facility was provided to an educational services provider in Michigan. The financing will be used for working capital purposes.
  • A $100,000 accounts receivable purchase facility was provided on Jan. 11 to a startup trucking company in North Carolina. The financing will be used for working capital purposes.
  • On Jan. 11, a $200,000 insurance agency term loan facility was provided to an independent insurance agency in Florida. The financing will be used for acquisition purposes.
  • A $400,000 accounts receivable purchase facility was provided on Jan. 12 to a medical supplies distributor in California. The financing will be used for working capital purposes.