Crestmark Closes 15 Transactions Totaling More Than $13 Million in the Second Half of August 2016

TROY, Mich., (Sept. 2, 2016) – Crestmark secured a total of $13,285,000 in financial solutions for 15 new clients in the second half of August.

  • A $125,000 accounts receivable purchase facility was provided on Aug. 17 to a trucking company in California. The financing will be used for working capital purposes.
  • On Aug. 18, a $135,000 insurance agency term loan facility was provided to an independent insurance agency in South Carolina. The financing will be used for working capital purposes.
  • A $400,000 accounts receivable purchase facility was provided on Aug. 19 to a trucking company in Illinois. The financing will be used for working capital purposes.
  • On Aug. 19, a $5,500,000 ledgered line of credit facility was provided to a manufacturer of building supplies in Michigan. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $500,000 accounts receivable purchase facility was provided on Aug. 23 to an oil and gas maintenance service provider in North Carolina. The financing will be used for working capital purposes.
  • On Aug. 23, a $250,000 traditional factoring facility was provided to an importer and wholesale distributor of consumer goods in North Carolina. The financing will be used for working capital purposes.
  • A $100,000 accounts receivable purchase facility was provided on Aug. 23 to a startup trucking company in Illinois. The financing will be used for working capital purposes.
  • On Aug. 24, a $2,500,000 asset-based line of credit facility was provided to a frozen food importer and wholesaler in Florida. The financing will be used for working capital purposes.
  • A $200,000 accounts receivable purchase facility was provided on Aug. 25 to a trucking company in Texas. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Aug. 25, a $125,000 accounts receivable purchase facility was provided to a trucking company in Kentucky. The financing will be used for working capital purposes.
  • A $100,000 accounts receivable purchase facility was provided on Aug. 29 to a trucking company in Georgia. The financing will be used for working capital purposes.
  • On Aug. 29, a $100,000 accounts receivable purchase facility was provided to a startup trucking company in Arizona. The financing will be used for working capital purposes.
  • A $1,000,000 traditional factoring facility was provided on Aug. 30 to a cosmetics manufacturer in New York. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Aug. 30, a $2,000,000 ledgered line of credit facility was provided to a machinery manufacturer in Michigan. The financing will be used for working capital purposes.
  • A $250,000 accounts receivable purchase facility was provided on Aug. 31 to a trucking company in Indiana. The financing will be used for working capital purposes.