Crestmark Closes 15 Transactions Totaling Nearly $18.5 Million in the First Half of February

TROY, Mich., (February 19, 2018) – Crestmark secured a total of $18,450,000 in financial solutions for 15 new clients in the first half of February.

  • On Feb. 1, a $2,250,000 term loan facility was provided to a solar development company headquartered in California.
  • A $150,000 accounts receivable purchase facility was provided to a trucking company in California on Feb. 2. The financing will be used for working capital purposes.
  • On Feb. 2, a $150,000 accounts receivable purchase facility was provided to a trucking company in Florida. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $475,000 insurance agency term loan facility was provided to an independent insurance agency in Virginia on Feb. 5. The financing will be used to pay off an existing lender, for working capital purposes, and for acquisition purposes.
  • On Feb. 6, a $500,000 traditional factoring facility was provided to an importer and distributor of apparel and home goods in California. The financing will be used for working capital purposes.
  • A $750,000 accounts receivable purchase facility was provided to a startup trucking company in Ohio on Feb. 7. The financing will be used for working capital purposes.
  • On Feb. 8, a $150,000 accounts receivable purchase facility was provided to a startup trucking company in California. The financing will be used for working capital purposes.
  • A $10,000,000 USDA Business and Industry term loan facility was provided to a vacation resort franchise in North Carolina on Feb. 12. The financing will be used for working capital purposes.
  • On Feb. 13, a $150,000 accounts receivable purchase facility was provided to a trucking company in California. The financing will be used for working capital purposes.
  • A $1,100,000 new lease transaction was completed with an energy management company in the midwestern U.S. on Feb. 13. The financing will be used for technology equipment.
  • A $100,000 accounts receivable purchase facility was provided to a trucking company in Pennsylvania on Feb. 14. The financing will be used for working capital purposes.
  • On Feb. 15, a $750,000 ledgered line of credit facility was provided to a distributor of metal products in Illinois. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $250,000 traditional factoring facility was provided to a home goods distributor in Tennessee on Feb. 15. The financing will be used for working capital purposes.
  • On Feb. 15, a $675,000 insurance agency term loan facility was provided to an independent insurance agency in Colorado. The financing will be used for acquisition and for working capital purposes.
  • A $1,000,000 new lease transaction was completed with an energy management company in the midwestern U.S. on Feb.15. The financing will be used for technology equipment.