Crestmark Closes 24 Transactions Totaling More Than $23 Million in the Second Half of August

TROY, Mich., (September 13, 2017) – Crestmark secured a total of $23,008,000 in financial solutions for 24 new clients in the second half of August.

  • A $5,000,000 SBA 7(a) term loan facility and a $1,000,000 Crestmark term loan facility were provided on Aug. 16 to a hospitality management company in Georgia. The financing will be used for acquisition purposes.
  • On Aug. 17, a $750,000 ledgered line of credit facility was provided to a metal coating company in Ontario, Canada. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $775,000 new lease transaction was completed on Aug. 17 with an internet services company in the northeastern U.S. The financing will be used for technology equipment.
  • On Aug. 18, a $500,000 accounts receivable purchase facility was provided to an apparel trimmings wholesaler in Colorado. The financing will be used for working capital purposes.
  • A $2,000,000 accounts receivable purchase facility was provided on Aug. 21 to a trucking company in Illinois. The financing will be used for working capital purposes.
  • On Aug. 21, a $250,000 accounts receivable purchase facility was provided to an apparel importer and distributor in North Carolina. The financing will be used for working capital purposes.
  • A $565,000 new lease transaction was completed on Aug. 22 with a mortgage company in the eastern U.S. The financing will be used for technology equipment.
  • On Aug. 22, a $150,000 accounts receivable purchase facility was provided to a trucking company in Pennsylvania. The financing will be used for working capital purposes.
  • A $2,000,000 accounts receivable purchase facility was provided on Aug. 22 to a manufacturer of shipping containers in Tennessee. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Aug. 23, an $800,000 traditional factoring facility was provided to a women’s apparel distributor in British Columbia, Canada. The financing will be used for working capital purposes.
  • A $500,000 accounts receivable purchase facility was provided on Aug. 25 to a startup freight brokerage in Georgia. The financing will be used for working capital purposes.
  • On Aug. 25, a $500,000 accounts receivable purchase facility was provided to a startup trucking company in Georgia. The financing will be used for working capital purposes.
  • A $1,000,000 ledgered line of credit facility was provided on Aug. 25 to a staffing company in Ohio. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Aug. 28, a $250,000 traditional factoring facility was provided to a men’s apparel importer and distributor in Florida. The financing will be used for working capital purposes.
  • A $630,000 insurance agency term loan facility was provided on Aug. 28 to an independent insurance agency in California. The financing will be used for acquisition purposes.
  • On Aug. 29, a $773,000 new lease transaction was completed with a logistics company in the midwestern U.S. The financing will be used for capital equipment.
  • A $100,000 accounts receivable purchase facility was provided on Aug. 29 to a trucking company in Florida. The financing will be used for working capital purposes.
  • On Aug. 29, 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 $250,000 traditional factoring facility was provided on Aug. 30 to a men’s apparel distributor in Pennsylvania. The financing will be used for working capital purposes.
  • On Aug. 30, a $2,250,000 SBA 7(a) term loan facility was provided to a hospitality management company in Florida. The financing will be used for acquisition purposes.
  • A $100,000 accounts receivable purchase facility was provided to a trucking company in Arkansas. The financing will be used for working capital purposes.
  • On Aug. 31, a $1,250,000 ledgered line of credit facility was provided to a staffing company in Colorado. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $675,000 insurance agency term loan facility was provided on Aug. 31 to an independent insurance agency in Texas. The financing will be used for acquisition purposes.
  • On Aug. 31, a $790,000 SBA 7(a) term loan facility was provided to an independent insurance agency in Massachusetts. The financing will be used for acquisition and working capital purposes.