Crestmark Closes Eight Transactions Totaling $5 Million in the First Half of June

TROY, MICHIGAN (June 16, 2015) – Crestmark secured a total of $5,340,000 in financial solutions for eight new clients in the first half of June.

  • A $300,000 SBA 7(a) term loan facility was provided on June 1 to an independent insurance agency in Ohio. The financing will be used for acquisition purposes.
  • On June 2, a $2,200,000 SBA 7(a) term loan facility was provided to a hotel portfolio management company in Connecticut. The financing will be used for acquisition and working capital purposes.
  • A $250,000 accounts receivable purchase facility was provided on June 4 to a trucking company in Indiana. The financing will be used to pay off a previous lender and for working capital purposes.
  • On June 5, a $340,000 SBA 7(a) term loan facility was provided to brewing company in Michigan. The financing will be used for working capital purposes.
  • A $1,000,000 accounts receivable purchase facility was provided on June 5 to a trucking company in Pennsylvania. The financing will be used for working capital purposes.
  • On June 8, a $250,000 accounts receivable purchase facility was provided to a trucking company in Kentucky. The financing will be used for working capital purposes.
  • A $500,000 accounts receivable purchase facility was provided on June 10 to a wine and spirits importer in Texas. The financing will be used for working capital purposes.
  • On June 11, a $500,000 accounts receivable purchase facility was provided to a machining services provider in Michigan. The financing will be used for working capital purposes.