Crestmark Closes 22 Transactions Totaling More Than $9 Million in the First Half of June

TROY, Mich., (June 20, 2017) – Crestmark secured a total of $9,125,000 in financial solutions for 22 new clients in the first half of June.

  • A $125,000 accounts receivable purchase facility was provided on June 1 to a trucking company in Indiana. The financing will be used for working capital purposes.
  • On June 2, a $250,000 traditional factoring facility was provided to distributor of women’s apparel in Florida. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $150,000 accounts receivable purchase facility was provided on June 2 to a trucking company in California. The financing will be used for working capital purposes.
  • On June 2, a $500,000 accounts receivable purchase facility was provided to a land services provider in Texas. The financing will be used for working capital purposes.
  • A $125,000 accounts receivable purchase facility was provided on June 2 to a trucking company in New Mexico. The financing will be used for working capital purposes.
  • On June 2, a $300,000 accounts receivable purchase facility was provided to a trucking company in Texas. The financing will be used for working capital purposes.
  • An $800,000 accounts receivable purchase facility was provided on June 2 to a trucking company in North Carolina. The financing will be used for working capital purposes.
  • On June 5, a $250,000 traditional factoring facility was provided to a wholesaler of apparel, accessories, and footwear in New York. The financing will be used for working capital purposes.
  • A $300,000 accounts receivable purchase facility was provided on June 5 to a trucking company in Illinois. The financing will be used to pay off an existing lender and for working capital purposes.
  • On June 5, a $200,000 accounts receivable purchase facility was provided to a trucking company in Georgia. The financing will be used for working capital purposes.
  • A $200,000 accounts receivable purchase facility was provided on June 7 to a trucking company in California. The financing will be used for working capital purposes.
  • On June 7, a $500,000 accounts receivable purchase facility was provided to a trucking company in Florida. The financing will be used for working capital purposes.
  • A $300,000 accounts receivable purchase facility was provided on June 7 to a trucking company in Wisconsin. The financing will be used for working capital purposes.
  • On June 8, a $100,000 accounts receivable purchase facility was provided to a trucking company in Missouri. The financing will be used for working capital purposes.
  • A $300,000 accounts receivable purchase facility was provided on June 9 to a producer and distributor of paper products in Florida. The financing will be used for working capital purposes.
  • On June 9, a $450,000 ledgered line of credit facility was provided to a hauler of heavy equipment for the oil and gas industry in Texas. The financing will be used for working capital purposes.
  • A $700,000 accounts receivable purchase facility was provided on June 9 to a trucking company in Florida. The financing will be used for working capital purposes.
  • On June 12, a $100,000 accounts receivable purchase facility was provided to a trucking company in California. The financing will be used for working capital purposes.
  • A $350,000 SBA 7(a) term loan facility was provided on June 13 to an independent insurance agency in Texas. The financing will be used for acquisition and for working capital purposes.
  • On June 13, a $2,800,000 new lease transaction was completed with an advertising company in the western U.S. The financing will be used for technology equipment.
  • A $225,000 SBA 7(a) term loan facility was provided on June 15 to an independent insurance agency in Arizona. The financing will be used for acquisition purposes.
  • On June 15, a $100,000 accounts receivable purchase facility was provided to a trucking company in North Carolina. The financing will be used for working capital purposes.