Crestmark Closes 23 Transactions Totaling Nearly $28 Million in the Second Half of January

TROY, Mich., (Feb. 2, 2017) – Crestmark secured a total of $27,826,944 in financial solutions for 23 new clients in the second half of January.

  • A $2,500,000 accounts receivable purchase facility was provided on Jan. 17 to a trucking company in California. The financing will be used for working capital purposes.
  • On Jan. 19, 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.
  • A $100,000 accounts receivable purchase facility was provided on Jan. 19 to a trucking company in Texas. The financing will be used for working capital purposes.
  • On Jan. 19, a $1,100,000 new lease transaction was completed with a health care company in the Southern U.S.
  • A $92,249 new lease transaction was completed on Jan. 20 with a trucking company in the Southern U.S.
  • On Jan. 20, a $44,918 term loan facility was provided to a trucking company in Texas. The financing will be used for working capital purposes.
  • A $500,000 accounts receivable purchase facility was provided on Jan. 20 to a trucking company in Illinois. The financing will be used for working capital purposes.
  • On Jan. 20, a $150,000 accounts receivable purchase facility was provided to a trucking company in Georgia. The financing will be used for working capital purposes.
  • A $1,800,000 new lease transaction was completed on Jan. 20 with a water testing company in the Western U.S.
  • On Jan. 24, a $55,777 term loan facility was provided to a trucking company in Ohio. The financing will be used for working capital purposes.
  • A $3,000,000 new lease transaction was completed on Jan. 24 with a mining company in the Western U.S.
  • 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 $1,000,000 accounts receivable purchase facility was provided on Jan. 25 to a trucking company in Texas. The financing will be used for working capital purposes.
  • On Jan. 25, a $9,250,000 USDA Business and Industry loan facility was provided to a solar farm located in Georgia. The financing will be used for acquisition purposes.
  • A $250,000 traditional factoring facility was provided on Jan. 26 to a wholesaler of men’s apparel in New York. The financing will be used for working capital purposes.
  • On Jan. 26, a $4,000,000 ledgered line of credit facility was provided to an oilfield service provider in Texas. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $250,000 traditional factoring facility was provided on Jan. 26 to a men’s apparel distributor in New York. The financing will be used for working capital purposes.
  • On Jan. 27, a $400,000 accounts receivable purchase facility was provided to a startup trucking company in California. The financing will be used for working capital purposes.
  • A $300,000 accounts receivable purchase facility was provided on Jan. 27 to a startup trucking company in Michigan. The financing will be used for working capital purposes.
  • On Jan. 30, a $300,000 accounts receivable purchase facility was provided to a trucking company in Canada. The financing will be used for working capital purposes.
  • A $200,000 accounts receivable purchase facility was provided on Jan. 30 to a trucking company in Ohio. The financing will be used for working capital purposes.
  • On Jan. 31, a $2,250,000 ledgered line of credit facility was provided to metal and alloy distributor in Wisconsin. The financing will be used to pay off an existing lender and for working capital purposes.
  • An $84,000 term loan facility was provided on Jan. 31 to a metal and alloy distributor in Wisconsin.