Crestmark Closes 20 Transactions Totaling More Than $21 Million in the First Half of August

TROY, Mich., (August 25, 2017) – Crestmark secured a total of $21,345,000 in financial solutions for 20 new clients in the first half of August.

  • A $420,000 SBA 7(a) term loan facility was provided on Aug. 1 to a kitchen and bath remodeling franchise in Michigan. The financing will be used for working capital purposes.
  • On Aug. 1, a $300,000 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 $700,000 new lease transaction was completed on Aug. 1 with a management company in the northeastern U.S. The financing will be used for infrastructure equipment.
  • On Aug. 1, a $4,750,000 asset-based line of credit facility was provided to a distributor of underground utilities products in California. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $2,400,000 new lease transaction was completed on Aug. 2 with a financial services company in the western U.S. The financing will be used for capital equipment.
  • On Aug. 2, a $100,000 accounts receivable purchase facility was provided to a trucking company in Florida. The financing will be used for working capital purposes.
  • A $100,000 accounts receivable purchase facility was provided on Aug. 2 to a trucking company in Pennsylvania. The financing will be used for working capital purposes.
  • On Aug. 2, 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 $125,000 accounts receivable purchase facility was provided on Aug. 3 to a startup trucking company in Illinois. The financing will be used for working capital purposes.
  • On Aug. 4, a $2,000,000 asset-based line of credit facility was provided to a food importer and distributor in Toronto, Canada. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $500,000 accounts receivable purchase facility was provided on Aug. 10 to an oil and lubricant manufacturer in New Jersey. The financing will be used for working capital purposes.
  • On Aug. 10, a $500,000 accounts receivable purchase facility was provided to a startup food distributor in California. The financing will be used for working capital purposes.
  • A $250,000 accounts receivable purchase facility was provided on Aug. 10 to a trucking company in Nebraska. The financing will be used for working capital purposes.
  • On Aug. 11, a $1,250,000 accounts receivable purchase facility was provided to a pet supplies distributor in Florida. The financing will be used for working capital purposes.
  • A $500,000 accounts receivable purchase facility was provided on Aug. 14 to a trucking company in Missouri. The financing will be used for working capital purposes.
  • On Aug. 14, a $250,000 accounts receivable purchase facility was provided to a startup trucking company in California. The financing will be used for working capital purposes.
  • A $100,000 accounts receivable purchase facility was provided on Aug. 15 to a startup trucking company in Illinois. The financing will be used for working capital purposes.
  • On Aug. 15, a $500,000 accounts receivable purchase facility was provided to a media placement company in California. The financing will be used for working capital purposes.
  • A $4,500,000 asset-based line of credit facility was provided on Aug. 15 to an automotive parts distributor in Florida. The financing will be used for working capital purposes.
  • On Aug. 15, a $2,000,000 asset-based line of credit facility was provided to a wastewater treatment company in Oregon. The financing will be used to pay off a previous lender and for working capital purposes.