Crestmark Closes 14 Transactions Totaling Nearly $25 Million in the Second Half of July

TROY, Mich., (Aug. 9, 2017) – Crestmark secured a total of $24,710,000 in financial solutions for 14 new clients in the second half of July.

  • A $1,000,000 ledgered line of credit facility was provided on July 17 to a staffing company in California. The financing will be used to pay off an existing lender and for working capital purposes.
  • On July 17, a $100,000 accounts receivable purchase facility was provided to a trucking company in Washington. The financing will be used for working capital purposes.
  • A $2,500,000 new lease transaction was completed on July 17 with a health care provider in the southeastern U.S. The financing will be used for capital equipment.
  • On July 19, a $1,000,000 ledgered line of credit facility was provided to a trucking company in Mississippi. The financing will be used for working capital purposes.
  • An $8,900,000 new lease transaction was completed on July 19 with a consumer services company in the midwestern U.S. The financing will be used for technology equipment.
  • On July 20, a $1,710,000 USDA business and industry loan facility was provided to a solar energy farm in South Carolina. The financing will be used for working capital purposes.
  • A $2,100,000 new lease transaction was completed on July 20 with a manufacturer in the eastern U.S. The financing will be used for industrial equipment.
  • On July 21, a $2,000,000 asset-based line of credit facility was provided to a wholesale distributor of hydraulic parts in Texas. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $150,000 accounts receivable purchase facility was provided on July 21 to a startup trucking brokerage in Texas. The financing will be used for working capital purposes.
  • On July 21, a $1,000,000 ledgered line of credit facility was provided to an IT consulting firm in Missouri. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $500,000 ledgered line of credit facility was provided on July 21 to an IT staffing company in Missouri. The financing will be used to pay off an existing lender and for working capital purposes.
  • On July 26, a $600,000 accounts receivable purchase facility was provided to a trucking company in California. The financing will be used for working capital purposes.
  • A $150,000 accounts receivable purchase facility was provided on July 27 to a trucking company in Florida. The financing will be used for working capital purposes.
  • On July 28, a $3,000,000 asset-based line of credit facility was provided to a manufacturer and distributor of wireless towers in Indiana. The financing will be used for working capital purposes.