Crestmark Closes 26 Transactions Totaling More Than $15 Million in the First Half of February

    TROY, Mich., (Feb. 16, 2017) – Crestmark secured a total of $15,135,000 in financial solutions for 26 new clients in the first half of February.

  • A $250,000 traditional factoring facility was provided on Feb. 1 to a wholesaler of men’s clothing in California. The financing will be used for working capital purposes.
  • On Feb. 1, a Florida-based jewelry manufacturer entered into a funds-as-collected traditional factoring facility with Crestmark. The financing will be used for working capital purposes.
  • A $1,950,000 SBA 7(a) term loan facility was provided on Feb. 2 to independent insurance agency in Florida. The financing will be used for acquisition purposes.
  • On Feb. 3, a $197,000 SBA 7(a) term loan facility was provided to a fast food franchise in Michigan. The financing will be used for working capital purposes.
  • A $98,000 term loan facility was provided on Feb. 3 to a fast food franchise in Michigan.
  • On Feb. 6, a $465,000 SBA 7(a) term loan facility was provided to an independent insurance agency in Idaho. The financing will be used for acquisition purposes.
  • A $100,000 accounts receivable purchase facility was provided on Feb. 6 to a trucking company in Minnesota. The financing will be used for working capital purposes.
  • On Feb. 6, a $300,000 accounts receivable purchase facility was provided to a trucking company in Minnesota. The financing will be used for working capital purposes.
  • A $500,000 accounts receivable purchase facility was provided on Feb. 7 to an IT consulting firm in Michigan. The financing will be used for working capital purposes.
  • On Feb. 7, an $800,000 ledgered line of credit facility was provided to a medical supplies distributor in Florida. The financing will be used to pay off an existing lender and for working capital purposes.
  • An Illinois-based fabric importer entered into a funds-as-collected traditional factoring facility with Crestmark on Feb. 8. The financing will be used for working capital purposes.
  • On Feb. 8, a $100,000 accounts receivable purchase facility was provided to a trucking brokerage in Wisconsin. The financing will be used for working capital purposes.
  • A $500,000 accounts receivable purchase facility was provided on Feb. 10 to a trucking company in Tennessee. The financing will be used for working capital purposes.
  • On Feb. 10, a $150,000 accounts receivable purchase facility was provided to a trucking company in Texas. The financing will be used for working capital purposes.
  • A $300,000 accounts receivable purchase facility was provided on Feb. 10 to a trucking company in Texas. The financing will be used for working capital purposes.
  • On Feb. 10, a $400,000 accounts receivable purchase facility was provided to a trucking brokerage in Pennsylvania. The financing will be used for working capital purposes.
  • A $3,000,000 asset-based line of credit facility was provided on Feb. 10 to an oilfield service provider in Texas. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Feb. 10, a $100,000 accounts receivable purchase facility was provided to a startup trucking company in Washington. The financing will be used for working capital purposes.
  • A $100,000 accounts receivable purchase facility was provided on Feb. 13 to a startup trucking company in Nebraska. The financing will be used for working capital purposes.
  • On Feb. 13, a $125,000 accounts receivable purchase facility was provided to a trucking company in Illinois. The financing will be used for working capital purposes.
  • A $1,750,000 ledgered line of credit facility was provided on Feb. 13 to an automotive parts manufacturer in Michigan. The financing will be used for acquisition and for working capital purposes.
  • On Feb. 13, a $3,000,000 ledgered line of credit facility was provided to a staffing company in Florida. The financing will be used for working capital purposes.
  • A $100,000 accounts receivable purchase facility was provided on Feb. 14 to a startup trucking company in Illinois. The financing will be used for working capital purposes.
  • On Feb. 14, a $200,000 accounts receivable purchase facility was provided to a trucking company in Virginia. The financing will be used for working capital purposes.
  • A $150,000 accounts receivable purchase facility was provided on Feb. 14 to a trucking company in Texas. The financing will be used for working capital purposes.
  • On Feb. 14, a $500,000 accounts receivable purchase facility was provided to a staffing company in Pennsylvania. The financing will be used for working capital purposes.