Crestmark Closes Eleven Transactions Totaling over $22 Million in the Second Half of June

TROY, MICHIGAN (July 2, 2015) – Crestmark secured a total of $22,100,000 in financial solutions for eleven new clients in the second half of June.

  • A $250,000 accounts receivable purchase facility was provided on June 16 to a medical software and hardware manufacturer in Delaware. The financing will be used for working capital purposes.
  • On June 16, a $500,000 accounts receivable purchase facility was provided to a staffing and extended learning services provider in Maryland.
  • A $1,500,000 traditional factoring facility was provided on June 17 to a toy manufacturer in Texas. The financing will be used for working capital purposes.
  • On June 18, a $400,000 accounts receivable purchase facility was provided to a freight broker in Kentucky. The financing will be used for working capital purposes.
  • A $4,800,000 accounts receivable purchase was provided on June 18 to a textile products manufacturer and distributor in Massachusetts. The financing will be used to pay off a previous lender and for working capital purposes.
  • On June 19, a $7,500,000 asset-based line of credit was provided to a metal products manufacturer in Indiana. The financing will be used for working capital purposes.
  • A $500,000 accounts receivable purchase facility was provided on June 19 to a trucking company in Georgia. The financing will be used for working capital purposes.
  • On June 23, a $500,000 accounts receivable purchase facility was provided to an IT staffing agency in Nevada. The financing will be used for working capital purposes.
  • A $2,500,000 asset-based line of credit was provided on June 26 to a specialty steel products manufacturer in Texas. The financing will be used to pay off a previous lender and for working capital purposes.
  • On June 29, a $2,150,000 asset-based line of credit was provided to an HVAC products manufacturer in Michigan. The financing will be used for working capital purposes.
  • A $1,500,000 accounts receivable purchase facility was provided on June 29 to a medical supplies manufacturer in New York. The financing will be used to pay off a previous lender and for working capital purposes.