Crestmark Closes 16 Transactions Totaling More Than $31 Million in the Second Half of August

TROY, Mich., (September 6, 2018) – Crestmark secured a total of $31,046,038 in financial solutions with 16 transactions for 14 new clients in the second half of August.

  • On August 16, a $400,000 accounts receivable purchase facility was provided to a trucking company in Illinois. The financing will be used for working capital purposes.
  • A $7,500,000 ledgered line of credit facility was provided to an oil and gas services provider in Louisiana on August 16. The financing will be used to pay off an existing lender and for working capital purposes.
  • On August 20, a $2,748,649 new lease transaction was completed with a telecommunications company in the southwestern U.S. The financing will be used for IT equipment.
  • A $150,000 accounts receivable purchase facility was provided to a trucking company in Texas on August 21. The financing will be used for working capital purposes.
  • On August 21, a $2,000,000 ledgered line of credit facility was provided to a wireless communications company in California. The financing will be used for working capital purposes.
  • A $1,872,000 term loan facility was provided to an independent wealth management firm in California on August 21. The financing will be used to pay off an existing lender.
  • On August 23, 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 $3,000,000 ledgered line of credit facility and a $900,000 term loan facility were provided to a food manufacturer in Illinois on August 23. The financing will be used to pay off an existing lender and for working capital purposes.
  • On August 23, two new lease transactions totaling $3,218,389 were completed with an energy management company in the midwestern U.S. The financing will be used for IT equipment.
  • On August 24, a $4,088,000 term loan facility was provided to an independent wealth management firm in Georgia. The financing will be used to pay off an existing lender.
  • A $500,000 accounts receivable purchase facility was provided to a staffing company in North Carolina on August 29. The financing will be used for working capital purposes.
  • On August 29, an $869,000 term loan facility was provided to an independent wealth management firm in California. The financing will be used to pay off an existing lender.
  • A $3,500,000 ledgered line of credit facility was provided to an oilfield services provider in Texas on August 30. The financing will be used for working capital purposes.
  • On August 31, a $150,000 accounts receivable purchase facility was provided to a trucking company in Michigan. The financing will be used for working capital purposes.