Crestmark Closes 15 Transactions Totaling More Than $22 Million in the First Half of July

TROY, Mich., (July 18, 2018) – Crestmark secured a total of $22,028,384 in financial solutions for 15 new clients in the first half of July.

  • On July 2, a $200,000 accounts receivable purchase facility was provided to a trucking company in Colorado. The financing will be used for working capital purposes.
  • A $100,000 accounts receivable purchase facility was provided to a trucking company in Connecticut on July 2. The financing will be used to pay off an existing lender and for working capital purposes.
  • On July 3, a $1,218,902 new lease transaction was completed with an information management solutions company in the northeastern U.S. The financing will be used for capital equipment.
  • A $150,000 accounts receivable purchase facility was provided to a trucking company in Kentucky on July 5. The financing will be used for working capital purposes.
  • On July 5, an $8,500,000 term loan facility was provided to a solar developer in Texas. The financing will be used to pay off an existing lender.
  • A $150,000 SBA 7(a) term loan facility was provided to a commercial landscaping company in California on July 5. The financing will be used to pay off an existing lender and for working capital purposes.
  • On July 9, a $200,000 accounts receivable purchase facility was provided to a trucking company in Utah. The financing will be used for working capital purposes.
  • A $2,623,000 term loan facility was provided to an independent wealth management firm in South Carolina on July 10. The financing will be used to pay off an existing lender.
  • On July 11, a $750,000 ledgered line of credit facility was provided to a trucking company in New York. The financing will be used for working capital purposes.
  • An $835,000 term loan facility was provided to an independent wealth management firm in Virginia on July 12. The financing will be used to pay off an existing lender.
  • On July 12, a $4,000,000 accounts receivable purchase facility was provided to a trucking company in Georgia. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $2,000,000 ledgered line of credit facility was provided to a staffing and consulting company in Pennsylvania on July 12. The financing will be used to pay off an existing lender and for working capital purposes.
  • On July 13, a $526,482 new lease transaction was completed with a supply chain solutions provider in the southeastern U.S. The financing will be used for capital equipment.
  • A $675,000 term loan facility was provided to an independent wealth management firm in Montana on July 13. The financing will be used to pay off an existing lender.
  • On July 13, a $100,000 accounts receivable purchase facility was provided to a trucking company in California. The financing will be used for working capital purposes.