Crestmark Closes 19 Transactions Totaling More Than $44.3 Million in the First Half of January

TROY, Mich., (January 18, 2018) – Crestmark secured a total of $44,323,000 in financial solutions for 15 new clients in the first half of January.

  • On Jan. 2, an $8,823,529 USDA REAP loan facility and a $6,176,471 USDA Business & Industry loan facility were provided to a solar energy company in California. The financing will be used for acquisition purposes.
  • A $1,280,000 new lease transaction was completed with an automotive supplier in the midwestern U.S. on Jan. 2. The financing will be used for technology equipment.
  • On Jan. 2, a $7,825,191 USDA REAP loan facility and a $5,007,809 USDA Business & Industry loan facility were provided to a solar energy company in California. The financing will be used for acquisition purposes.
  • A $2,820,000 new lease transaction was completed with a plastics manufacturer in the southeastern U.S. on Jan. 2. The financing will be used for capital equipment.
  • On Jan. 2, a $250,000 accounts receivable purchase facility was provided to a trucking company in Texas. The financing will be used for working capital purposes.
  • A $300,000 accounts receivable purchase facility was provided to a trucking company in Texas on Jan. 3. The financing will be used for working capital purposes.
  • On Jan. 4, a $200,000 accounts receivable purchase facility was provided to a trucking company in Alabama. The financing will be used for working capital purposes.
  • A $1,500,000 ledgered line of credit facility was provided to a commercial printing company in Texas on Jan. 5. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Jan. 5, a $1,000,000 term loan facility and a $250,000 ledgered line of credit facility were provided to an independent insurance agency in Michigan. The financing will be used for acquisition and for working capital purposes.
  • A $300,000 accounts receivable purchase facility was provided to a trucking company in Kentucky on Jan. 8. The financing will be used for working capital purposes.
  • On Jan. 8, a $5,000,000 USDA Business & Industry loan facility and a $500,000 term loan facility were provided to a hospitality management company in Louisiana. The financing will be used to pay off an existing lender.
  • A $500,000 accounts receivable purchase facility was provided to a tobacco product wholesaler in North Carolina on Jan. 9. The financing will be used for working capital purposes.
  • On Jan. 9, a $1,240,000 new lease transaction was completed with a scientific research firm in the western U.S. The financing will be used for laboratory equipment.
  • A $600,000 accounts receivable purchase facility was provided to a trucking company in Oregon on Jan. 9. The financing will be used for working capital purposes.
  • On Jan. 10, a $750,000 accounts receivable purchase facility was provided to a trucking company in Texas. The financing will be used for working capital purposes.