Crestmark Closes 18 Transactions Totaling Nearly $20 Million in the First Half of May

TROY, Mich., (May 17, 2018) – Crestmark secured a total of $19,991,250 in financial solutions for 18 new clients in the first half of May.

  • On May 1, a $100,000 accounts receivable purchase facility was provided to a trucking company in Washington. The financing will be used for working capital purposes.
  • A $315,000 SBA 7(a) term loan facility was provided to an independent insurance agency in Texas on May 1. The financing will be used to pay off an existing lender and for working capital purposes.
  • On May 1, a $250,000 accounts receivable purchase facility was provided to a trucking company in California. The financing will be used for working capital purposes.
  • A $1,200,000 ledgered line of credit facility was provided to a staffing company in Florida on May 3. The financing will be used for working capital purposes.
  • On May 3, a $200,000 accounts receivable purchase facility was provided to a trucking company in Illinois. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $1,086,000 new lease transaction was completed with a healthcare provider in the eastern U.S. on May 4. The financing will be used for software.
  • On May 4, a $750,000 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 $1,750,000 accounts receivable purchase facility was provided to a trucking company in Florida on May 4. The financing will be used to pay off an existing lender and for working capital purposes.
  • On May 4, a $1,875,000 term loan facility was provided to an independent wealth management firm in Georgia. The financing will be used to pay off an existing lender and for acquisition purposes.
  • A $200,000 accounts receivable purchase facility was provided to a trucking company in Texas on May 7. The financing will be used to pay off an existing lender and for working capital purposes.
  • On May 8, a $3,632,250 asset-based line of credit facility was provided to a jewelry chain manufacturer in Rhode Island. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $350,000 accounts receivable purchase facility was provided to a startup freight brokerage in Florida on May 8. The financing will be used for working capital purposes.
  • On May 9, a $1,872,000 insurance agency term loan facility was provided to an independent insurance agency in Florida. The financing will be used for acquisition purposes.
  • A $500,000 accounts receivable purchase facility was provided to a medical staffing company in Nevada on May 10. The financing will be used for working capital purposes.
  • On May 11, a $600,000 new lease transaction was completed with an equipment company in the southwestern U.S. The financing will be used for capital equipment.
  • A $4,408,000 new lease transaction was completed with a lifting service provider on May 13. The financing will be used for capital equipment.
  • On May 14, a $150,000 accounts receivable purchase facility was provided to a startup trucking company in Alabama. The financing will be used for working capital purposes.
  • A $753,000 new lease transaction was completed with an energy management company in the midwestern U.S. on May 14. The financing will be used for IT equipment.