Crestmark Closes 14 Transactions Totaling More Than $16.8 Million in the First Half of October 2016

TROY, Mich., (Oct. 21, 2016) – Crestmark secured a total of $16,890,000 in financial solutions for 14 new clients in the first half of October.

  • On Oct. 1, a $2,200,000 new lease transaction was provided to a communications provider in the west.
  • A $4,720,000 USDA Business and Industry loan facility was provided on Oct. 4 to a hospitality management company in Ohio. The financing will be used for acquisition and for working capital purposes.
  • On Oct. 5, a $250,000 traditional factoring facility was provided to a fabric wholesaler in New York. The financing will be used for working capital purposes.
  • A $100,000 accounts receivable purchase facility was provided on Oct. 6 to a startup trucking company in Georgia. The financing will be used for working capital purposes.
  • On Oct. 7, a $700,000 ledgered line of credit facility was provided to a model manufacturing company in Indiana. The financing will be used for working capital purposes.
  • A $250,000 traditional factoring facility was provided on Oct. 7 to an apparel wholesaler in New Jersey. The financing will be used for working capital purposes.
  • On Oct. 11, a $750,000 accounts receivable purchase facility was provided to a startup trucking company in California. The financing will be used for working capital purposes.
  • A $100,000 accounts receivable purchase facility was provided on Oct. 11 to a startup trucking company in Ohio. The financing will be used for working capital purposes.
  • On Oct. 11, a $500,000 ledgered line of credit facility was provided to a staffing company in Florida. The financing will be used for working capital purposes.
  • A $1,200,000 SBA 7(a) term loan facility was provided on Oct. 12 to an independent insurance agency in Texas. The financing will be used for acquisition and for working capital purposes.
  • On Oct. 13, a $4,720,000 USDA Business and Industry loan facility was provided to a hospitality management company in Ohio. The financing will be used for acquisition and for working capital purposes.
  • A $1,000,000 SBA 7(a) term loan facility was provided on Oct. 13 to an independent insurance agency in Florida. The financing will be used for acquisition and for working capital purposes.
  • On Oct. 14, a $250,000 accounts receivable purchase facility was provided to a trucking company in Kentucky. The financing will be used for working capital purposes.
  • A $150,000 accounts receivable purchase facility was provided on Oct. 14 to a trucking company in Missouri. The financing will be used for working capital purposes.