Crestmark Closes Five Transactions Totaling over $1 Million in the Second Half of August

TROY, MICHIGAN (September 2, 2015) – Crestmark secured a total of $1,450,000 in financial solutions for five new clients in the first half of August.

  • On August 17, a $200,000 accounts receivable purchase facility was provided to trucking company hauling general freight and refrigerated freight in Michigan. The financing will be used to pay off previous lender and working capital purposes.
  • A $250,000 accounts receivable purchase facility was provided on August 21st to a freight broker in Tennessee. The financing will be used for working capital purposes.
  • On August 25th, a $600,000 accounts receivable purchase facility was provided to a trucking company specializing in hauling dairy, meat, produce and refrigerated packaging in Wisconsin. The financing will be used to buy out a company and for working capital purposes.
  • A $150,000 accounts receivable purchase facility was provided to a trucking company in California. The financing will be used for working capital purposes.
  • On August 28th, a $250,000 accounts receivable purchase facility was provided to a freight broker in Michigan. The financing will be used for working capital purposes.