Crestmark Closes 20 Transactions Totaling More Than $18 Million in the Second Half of October

TROY, Mich., (November 3, 2017) – Crestmark secured a total of $18,151,800 in financial solutions for 19 new clients in the second half of October.

  • On Oct. 16, a $250,000 traditional factoring facility was provided to a distributor of fashion accessories in Florida. The financing will be used for working capital purposes.
  • A $300,000 accounts receivable purchase facility was provided to a trucking company in California on Oct. 16. The financing will be used for working capital purposes.
  • On Oct. 16, 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 $500,000 accounts receivable purchase facility was provided to a distributor of rubber on Oct. 16. The financing will be used for working capital purposes.
  • On Oct. 17, a $150,000 accounts receivable purchase facility was provided to a trucking company in Florida. The financing will be used for working capital purposes.
  • A $2,500,000 ledgered line of credit facility and a $1,261,800 term loan facility were provided to an industrial pump servicing company in Texas on Oct. 17. The financing will be used to pay off an existing lender, for equipment financing, and for working capital purposes.
  • On Oct. 18, a $400,000 accounts receivable purchase facility was provided to a trucking company in Pennsylvania. The financing will be used for working capital purposes.
  • A $2,200,000 new lease transaction was completed with a medical supply company in the western U.S. on Oct. 19. The financing will be used for software.
  • On Oct. 19, a $150,000 accounts receivable purchase facility was provided to a trucking company in Texas. The financing will be used for working capital purposes.
  • A $2,000,000 accounts receivable purchase facility was provided to a trucking company in Kentucky on Oct. 20. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Oct. 20, a $1,100,000 new lease transaction was completed with a defense contractor in the midwestern U.S. The financing will be used for assembly line equipment.
  • A $100,000 accounts receivable purchase facility was provided to a startup freight brokerage on Oct. 23. The financing will be used for working capital purposes.
  • On Oct. 23, a $3,600,000 new lease transaction was completed with a lumber company in the western U.S. The financing will be used for machine tools.
  • A $500,000 accounts receivable purchase facility was provided to a trucking company in Kentucky on Oct. 25. The financing will be used for working capital purposes.
  • On Oct. 26, a $1,000,000 traditional factoring facility was provided to a distributor of oral care products in Texas. The financing will be used for working capital purposes.
  • A $200,000 accounts receivable purchase facility was provided to a startup freight brokerage in Florida on Oct. 27. The financing will be used for working capital purposes.
  • On Oct. 27, a $1,490,000 SBA 7(a) term loan facility was provided to a tire and wheel company in California. The financing will be used for acquisition purposes.
  • A $150,000 accounts receivable purchase facility was provided to a trucking company in Illinois on Oct. 30. The financing will be used for working capital purposes.
  • On Oct. 30, a $200,000 accounts receivable purchase facility was provided to a trucking company in Texas. The financing will be used for working capital purposes.