Crestmark Closes 13 Transactions Totaling Nearly $23.5 Million in the Second Half of November

TROY, Mich., (December 5, 2017) – Crestmark secured a total of $23,416,000 in financial solutions for 13 new clients in the second half of November.

  • 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 a manufacturer and distributor of wireless towers in Indiana on Nov. 15. The financing will be used for working capital purposes.
  • On Nov. 17, a $1,150,000 new lease transaction was completed with a supermarket chain in the western U.S. The financing will be used for kitchen equipment.
  • A $1,000,000 new lease transaction was completed with a global supply chain company in the midwestern U.S. on Nov. 17. The financing will be used for technology equipment.
  • On Nov. 21, a $150,000 accounts receivable purchase facility was provided to a trucking company in Pennsylvania. The financing will be used for working capital purposes.
  • A $150,000 accounts receivable purchase facility was provided to a startup railroad tie distributor in Illinois on Nov. 22. The financing will be used for working capital purposes.
  • On Nov. 22, a $5,500,000 ledgered line of credit facility was provided to a telecommunications solutions provider in Colorado. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $4,500,000 84-month operating lease transaction was completed with a solar developer in Pennsylvania on Nov. 27. The financing will be used to install a 1,690kW-DC solar farm, which has a New Jersey-based school district as the offtaker.
  • On Nov. 30, a $2,186,000 term loan facility was provided to a pharmaceutical manufacturer in Michigan. The financing will be used for capital equipment.
  • A $2,000,000 ledgered line of credit facility was provided to an oil and gas transportation services company in Texas on Nov. 30. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Nov. 30, a $1,230,000 SBA 7(a) term loan facility was provided to an independent insurance agency in Texas. The financing will be used for acquisition and for working capital purposes.
  • A $200,000 accounts receivable purchase facility was provided to a freight brokerage in Kansas on Nov. 30. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Nov. 30, a $750,000 accounts receivable purchase facility was provided to a trucking company in Pennsylvania. The financing will be used to pay off an existing lender and for working capital purposes.