Crestmark Closes 16 Transactions Totaling Nearly $20 Million in the First Half of November 2016

TROY, Mich., (Nov. 17, 2016) – Crestmark secured a total of $19,811,000 in financial solutions for 16 new clients in the first half of November.

  • On Nov. 1, a $391,000 new lease transaction was completed with a candy company in the West.
  • A $250,000 traditional factoring facility was provided on Nov. 1 to a distributor of women’s apparel in Louisiana. The financing will be used for working capital purposes.
  • On Nov. 1, a $1,000,000 asset-based line of credit facility was provided to a commercial plumbing company in Texas. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $2,250,000 asset-based line of credit facility was provided on Nov. 2 to a machine parts manufacturer and supplier in Michigan. The financing will be used for working capital purposes.
  • On Nov. 3, a $1,200,000 accounts receivable purchase facility was provided to a trucking company in Illinois. The financing will be used for working capital purposes.
  • A $975,000 new lease transaction was completed on Nov. 4 with a college in New England.
  • On Nov. 7, an $8,900,000 USDA Business and Industry loan facility was provided to a hospitality management company in Florida. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $200,000 accounts receivable purchase facility was provided on Nov. 8 to a trucking company in Mississippi. The financing will be used for working capital purposes.
  • On Nov. 8, a $100,000 accounts receivable purchase facility was provided to a trucking company in Texas. The financing will be used for working capital purposes.
  • A $1,500,000 ledgered line of credit facility was provided on Nov. 8 to packaged food importer and distributor in California. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Nov. 10, a $350,000 traditional factoring facility was provided to an apparel manufacturer in New Jersey. The financing will be used for working capital purposes.
  • A $350,000 accounts receivable purchase facility was provided on Nov. 10 to a trucking company in Indiana. The financing will be used for working capital purposes.
  • On Nov. 10, a $250,000 traditional factoring facility was provided to a men’s apparel manufacturer in New Jersey. The financing will be used for working capital purposes.
  • A $500,000 accounts receivable purchase facility was provided on Nov. 10 to an IT and engineering service company in Alabama. The financing will be used for working capital purposes.
  • On Nov. 14, a $750,000 traditional factoring facility was provided to a wholesaler of men’s apparel in New York. The financing will be used for working capital purposes.
  • An $845,000 new lease transaction was completed on Nov. 15 with a mining company in the West.