Crestmark Closes 18 Transactions Totaling More Than $25.6 Million in the First Half of March

TROY, Mich., (March 19, 2018) – Crestmark secured a total of $25,675,000 in financial solutions for 16 new clients in the first half of March.

  • On March 1, a $500,000 Crestmark term loan facility was provided to a software developer in Michigan. 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 an oil and gas services provider in Texas on March 2. The financing will be used to pay off an existing lender and for working capital purposes.
  • On March 2, a $150,000 accounts receivable purchase facility was provided to a trucking company in Connecticut. The financing will be used for working capital purposes.
  • A $150,000 accounts receivable purchase facility was provided to a trucking company in Pennsylvania on March 2. The financing will be used for working capital purposes.
  • On March 5, a $650,000 accounts receivable purchase facility was provided to a freight broker in Michigan. The financing will be used for working capital purposes.
  • An $807,000 new lease transaction was completed with a fitness club in the eastern U.S. on March 6. The financing will be used for fitness equipment.
  • On March 7, a $200,000 accounts receivable purchase facility was provided to a trucking company in California. The financing will be used for working capital purposes.
  • A $2,500,000 SBA 7(a) term loan facility was provided to a swim school franchise in Massachusetts on March 7. The financing will be used for new construction and for working capital purposes.
  • On March 9, a $200,000 accounts receivable purchase facility was provided to a trucking company in Georgia. The financing will be used for working capital purposes.
  • A $1,500,000 ledgered line of credit facility was provided to an equipment manufacturer in Colorado on March 9. The financing will be used to pay off an existing lender and for working capital purposes.
  • On March 14, a $100,000 accounts receivable purchase facility was provided to a trucking company in South Carolina. The financing will be used for working capital purposes.
  • A $3,000,000 accounts receivable purchase facility was provided to an oil and gas services provider in Texas on March 14. The financing will be used for working capital purposes.
  • On March 14, a $5,000,000 SBA 7(a) term loan facility and a $1,223,000 Crestmark term loan facility were provided to a hospitality management company in Texas. The financing will be used for new construction and for working capital purposes.
  • A $150,000 accounts receivable purchase facility was provided to a trucking company in North Carolina on March 15. The financing will be used for working capital purposes.
  • On March 15, a $600,000 insurance agency term loan facility was provided to an independent insurance agency in Ohio. The financing will be used to pay off an existing lender.
  • A $3,925,000 USDA Business & Industry term loan facility and a $3,020,000 SBA 7(a) term loan facility were provided to a hospitality management company in Virginia on March 15. The financing will be used to pay off an existing lender and for acquisition purposes.