Crestmark Closes 24 Transactions Totaling More Than $43 Million in the First Half of October

TROY, Mich., (October 18, 2017) – Crestmark secured a total of $43,368,500 in financial solutions for 23 new clients in the first half of October.

  • On Oct. 2, a $4,300,000 new lease transaction was completed with a golf course management company in the western U.S. The financing will be used for equipment.
  • A $6,700,000 new lease transaction was completed with an automotive company in the midwestern U.S. on Oct. 2. The financing will be used for hardware and software.
  • On Oct. 2, a $710,000 SBA 7(a) term loan facility was provided to an independent insurance agency in Georgia. The financing will be used for acquisition and for working capital purposes.
  • A $100,000 accounts receivable purchase facility was provided to a trucking company in Arkansas on Oct. 2. The financing will be used for working capital purposes.
  • On Oct. 3, a $100,000 accounts receivable purchase facility was provided to a trucking company in Florida. The financing will be used for working capital purposes.
  • A $400,000 accounts receivable purchase facility was provided to a trucking company in Georgia on Oct. 3. The financing will be used for working capital purposes.
  • On Oct. 4, a $1,100,000 SBA 7(a) term loan facility was provided to a resort management company in Florida. The financing will be used for acquisition and for working capital purposes.
  • A $100,000 accounts receivable purchase facility was provided to a trucking company in Georgia on Oct. 5. The financing will be used for working capital purposes.
  • On Oct. 5, a $1,500,000 ledgered line of credit facility and a $718,500 term loan facility were provided to a machine parts manufacturer in New York. The financing will be used for equipment financing and for working capital purposes.
  • A $100,000 accounts receivable purchase facility was provided to a trucking company in Texas on Oct. 5. The financing will be used for working capital purposes.
  • On Oct. 6, a $4,000,000 accounts receivable purchase facility was provided to a trucking company in Illinois. The financing will be used for working capital purposes.
  • A $70,000 SBA 7(a) term loan facility was provided to an independent insurance agency in Ohio on Oct. 6. The financing will be used for acquisition purposes.
  • On Oct. 10, a $2,000,000 accounts receivable purchase facility was provided to a trucking company in Texas. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $17,000,000 new lease transaction was completed with an automotive supplier in the midwestern U.S. on Oct. 10. The financing will be used for capital equipment.
  • On Oct. 10, a $120,000 accounts receivable purchase facility was provided to a trucking company in Arizona. The financing will be used for working capital purposes.
  • A $100,000 accounts receivable purchase facility was provided to a trucking company in Florida on Oct. 10. The financing will be used for working capital purposes.
  • On Oct. 10, a $350,000 accounts receivable purchase facility was provided to a trucking company in Colorado. The financing will be used for working capital purposes.
  • A $100,000 accounts receivable purchase facility was provided to a startup freight brokerage in Arkansas on Oct. 11. The financing will be used for working capital purposes.
  • On Oct. 12, a $200,000 accounts receivable purchase facility was provided to a trucking company in Texas. The financing will be used for working capital purposes.
  • A $3,000,000 accounts receivable purchase facility was provided to a biomedical services provider in New Jersey on Oct. 12. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Oct. 13, a $250,000 accounts receivable purchase facility was provided to a trucking company in California. The financing will be used for working capital purposes.
  • A $150,000 accounts receivable purchase facility was provided to a trucking company in Texas on Oct. 13. The financing will be used for working capital purposes.
  • On Oct. 13, a $200,000 accounts receivable purchase facility was provided to a trucking company in California. The financing will be used for working capital purposes.