Crestmark Closes 21 Transactions Totaling More Than $15 Million in the First Half of December

TROY, Mich., (December 20, 2017) – Crestmark secured a total of $15,191,377 in financial solutions for 20 new clients in the first half of December.

  • On Dec. 4, a $100,000 accounts receivable purchase facility was provided to a trucking company in Michigan. The financing will be used for working capital purposes.
  • A $500,000 accounts receivable purchase facility was provided to a trucking company in South Carolina on Dec. 4. The financing will be used for working capital purposes.
  • On Dec. 5, a $150,000 accounts receivable purchase facility was provided to a trucking company in Montana. The financing will be used for working capital purposes.
  • A $100,000 accounts receivable purchase facility was provided to a startup trucking company in Tennessee on Dec. 5. The financing will be used for working capital purposes.
  • On Dec. 5, a $250,000 traditional factoring facility was provided to a distributor of men’s shoes in Florida. The financing will be used for working capital purposes.
  • A $175,000 insurance agency term loan facility was provided to an independent insurance agency in Colorado on Dec. 7. The financing will be used for acquisition and for working capital purposes.
  • On Dec. 7, a $5,000,000 SBA 7(a) term loan facility and a $316,377 Crestmark term loan facility were provided to a hotel management company in Louisiana. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $250,000 accounts receivable purchase facility was provided to a freight brokerage in Texas on Dec. 7. The financing will be used for working capital purposes.
  • On Dec. 7, a $750,000 accounts receivable purchase facility was provided to a trucking company in Indiana. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $600,000 accounts receivable purchase facility was provided to a trucking company in Iowa on Dec. 7. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Dec. 8, a $250,000 accounts receivable purchase facility was provided to a trucking company in Texas. The financing will be used for acquisition and for working capital purposes.
  • A $600,000 accounts receivable purchase facility was provided to a startup trucking company in Arkansas on Dec. 8. The financing will be used for working capital purposes.
  • On Dec. 11, a $500,000 accounts receivable purchase facility was provided to a startup trucking company in California. The financing will be used for working capital purposes.
  • A $500,000 ledgered line of credit facility was provided to a manufacturer of medical devices in Michigan on Dec. 12. The financing will be used for working capital purposes.
  • On Dec. 13, a $1,550,000 new lease transaction was completed with an environmental company in the midwestern U.S. The financing will be used for transportation equipment.
  • A $750,000 accounts receivable purchase facility was provided to a trucking company in Missouri on Dec. 13. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Dec. 14, a $1,750,000 accounts receivable purchase facility was provided to a trucking company in Oklahoma. The financing will be used to for working capital purposes.
  • An $800,000 accounts receivable purchase facility was provided to a trucking company in Oregon on Dec. 15. The financing will be used for working capital purposes.
  • On Dec. 15, a $150,000 SBA 7(a) term loan facility was provided to a water, flood, and fire restoration franchise in Ohio. The financing will be used for working capital purposes.
  • A $150,000 accounts receivable purchase facility was provided to a startup freight brokerage in Florida on Dec. 15. The financing will be used for working capital purposes.