Crestmark Closes 13 Transactions Totaling over $12 Million in the First Half of August

TROY, MICHIGAN (August 18, 2015) – Crestmark secured a total of $12,675,000 in financial solutions for 13 new clients in the first half of August.

  • On August 3rd, a traditional factoring facility was provided to a North Carolina furniture manufacturer. The financing will be used for working capital purposes.
  • A traditional factoring facility was provided on August 5th to a men’s streetwear apparel company in New Jersey. The financing will be used to pay off previous lender and working capital purposes.
  • On August 6, $1,000,000 accounts receivable purchase facility was provided to a provider of transportation and disposal services in Michigan. The financing will be used to pay off previous lender and working capital purposes.
  • A traditional factoring facility was provided on August 6th to a New York wholesaler of Italian handmade footwear. The financing will be used for working capital purposes.
  • A $2,000,000 asset-based line of credit based on accounts receivable and inventory was provided on August 6th to a wholesaler and retailer of electronic accessories in California. The financing will be used to pay off a previous lender and for working capital purposes.
  • A traditional factoring facility was provided on August 6th to a men’s apparel company in California. The financing will be used for working capital purposes.
  • On August 7th, a $1,250,000 ledgered line of credit was provided to a trucking company in California. The financing will be used for working capital purposes.
  • A traditional factoring facility was provided on August 7th to a California swimwear wholesaler. The financing will be used for working capital purposes.
  • On August 10th, a $400,000 accounts receivable purchase facility was provided to a staffing solution provider in Michigan. The financing will be used for working capital purposes.
  • A $275,000 accounts receivable purchase facility was provided on August 10th to a decorative lighting manufacturer and distributor in Tennessee. The financing will be used to pay off a previous lender.
  • On August 10th, a $750,000 accounts receivable purchase facility was provided to a short haul carrier trucking company in Tennessee. The financing will be used for working capital purposes.
  • A traditional factoring facility was provided on August 13th to a California manufacturer and distributor of candles, fragrances, and personal care products. The financing will be used for working capital purposes.
  • On August 14th, a traditional factoring facility was provided to a manufacturer and distributor of high-quality socks in California. The financing will be used for working capital purposes.