Crestmark Closes 21 Transactions Totaling Nearly $13 Million in the First Half of December

TROY, Mich., (Dec. 19, 2016) – Crestmark secured a total of $12,707,125 in financial solutions for 21 new clients in the first half of December.

  • A $250,000 traditional factoring facility was provided on Dec. 1 to a distributor of men’s, women’s, and children’s apparel in New York. The financing will be used for working capital purposes.
  • On Dec. 1, a $275,000 accounts receivable purchase facility was provided to a trucking company in Florida. The financing will be used for working capital purposes.
  • A $250,000 traditional factoring facility was provided on Dec. 1 to a fabric and yarn manufacturer in New York. The financing will be used for working capital purposes.
  • On Dec. 2, a $150,000 accounts receivable purchase facility was provided to a trucking company in Georgia. The financing will be used for working capital purposes.
  • On Dec. 5, a $250,000 traditional factoring facility was provided to an apparel manufacturer in New York. The financing will be used for working capital purposes.
  • A $900,000 ledgered line of credit facility was provided on Dec. 5 to a packaging company in Illinois. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Dec. 5, a $75,000 accounts receivable purchase facility was provided to a trucking company in Georgia. The financing will be used for working capital purposes.
  • A $600,000 ledgered line of credit facility was provided on Dec. 5 to an educational services provider in Michigan. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Dec. 7, a $250,000 traditional factoring facility was provided to a distributor of men’s and women’s apparel in Texas. The financing will be used for working capital purposes.
  • A $4,000,000 asset-based line of credit facility was provided on Dec. 9 to a metal fabrication company in Georgia. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Dec. 9, a $1,500,000 asset-based line of credit facility was provided to a medical device manufacturer in South Dakota. The financing will be used for working capital purposes.
  • A $120,000 accounts receivable purchase facility was provided on Dec. 12 to a trucking company in Texas. The financing will be used for working capital purposes.
  • On Dec. 13, a $500,000 accounts receivable purchase facility was provided to a trucking company in Alabama. The financing will be used for working capital purposes.
  • A $125,000 accounts receivable purchase facility was provided on Dec. 13 to a trucking company in Florida. The financing will be used for working capital purposes.
  • On Dec. 13, a $250,000 accounts receivable purchase facility was provided to a startup trucking company in Wisconsin. The financing will be used for working capital purposes.
  • A $1,150,000 SBA 7(a) term loan facility was provided on Dec. 13 to an independent insurance agency in Florida. The financing will be used for acquisition purposes.
  • On Dec. 13, a $185,000 insurance agency term loan facility was provided to an independent insurance agency in Oregon. The financing will be used for acquisition purposes.
  • A $250,000 ledgered line of credit facility was provided on Dec. 15 to an apparel appliqué manufacturer in Missouri. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Dec. 15, an $800,000 ledgered line of credit facility was provided to a fabric manufacturer in Missouri. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $700,000 ledgered line of credit facility was provided on Dec. 15 to a fabric and apparel appliqué manufacturer in Missouri. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Dec. 15, a $127,125 term loan facility was provided to a trucking company in Michigan. The financing will be used for working capital purposes.