Crestmark Closes 22 Transactions Totaling More Than $23.2 Million in the Second Half of January

TROY, Mich., (February 1, 2018) – Crestmark secured a total of $23,295,218 in financial solutions for 22 new clients in the second half of January.

  • On Jan. 17, a $2,000,000 new lease transaction was completed with a health care company in the eastern U.S. The financing will be used for software.
  • A $350,000 accounts receivable purchase facility was provided to a trucking company in Kentucky on Jan. 17. The financing will be used for working capital purposes.
  • On Jan. 19, a $3,500,000 ledgered line of credit facility was provided to a manufacturer of paper products in Alabama. The financing will be used for working capital purposes.
  • A $250,000 accounts receivable purchase facility was provided to a trucking company in Florida on Jan. 19. The financing will be used for working capital purposes.
  • On Jan. 23, a $600,000 accounts receivable purchase facility was provided to a trucking company in California. The financing will be used for working capital purposes.
  • A $1,100,000 new lease transaction was completed with a defense contractor in the midwestern U.S. on Jan. 23. The financing will be used for capital equipment.
  • On Jan. 24, 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 $250,000 traditional factoring facility was provided to an importer and distributor of children’s toys in Florida on Jan. 25. The financing will be used for working capital purposes.
  • On Jan. 25, a $150,000 accounts receivable purchase facility was provided to a trucking company in North Carolina. The financing will be used for working capital purposes.
  • A $2,600,000 new lease transaction was completed with a manufacturer in the southeastern U.S. on Jan. 25. The financing will be used for software.
  • On Jan. 26, a $3,000,000 asset-based line of credit facility was provided to a manufacturer and distributor of milk and cream products in Pennsylvania. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $50,000 accounts receivable purchase facility was provided to a startup freight brokerage in Florida on Jan. 26. The financing will be used for working capital purposes.
  • On Jan. 26, a $150,000 accounts receivable purchase facility was provided to a startup trucking company in Illinois. The financing will be used for working capital purposes.
  • A $300,000 accounts receivable purchase facility was provided to a startup freight brokerage in Florida on Jan. 26. The financing will be used for working capital purposes.
  • On Jan. 26, a $1,410,218 96-month operating lease transaction was completed with a solar developer in Pennsylvania. The financing will be used to install a 506kW-DC solar farm in Massachusetts, which has a private real estate development company as the offtaker.
  • A $300,000 SBA 7(a) term loan facility was provided to an HVAC and plumbing company in North Carolina on Jan. 29. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Jan. 29, a $100,000 accounts receivable purchase facility was provided to a startup trucking company in North Carolina. The financing will be used for working capital purposes.
  • A $500,000 accounts receivable purchase facility was provided to a wholesaler of marine mechanical and electric products in Florida on Jan. 29. The financing will be used for working capital purposes.
  • On Jan. 30, a $100,000 accounts receivable purchase facility was provided to a startup trucking company in New York. The financing will be used for working capital purposes.
  • A $150,000 accounts receivable purchase facility was provided to a trucking company in South Carolina on Jan. 30. The financing will be used for working capital purposes.
  • On Jan. 31, a $6,000,000 asset-based line of credit facility was provided to a fluid management company for the oil and gas service industry in Texas. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $335,000 insurance agency term loan facility was provided to an independent insurance agency in Illinois on Jan. 31. The financing will be used to pay off an existing lender, for acquisition purposes, and for working capital purposes.