Crestmark Closes Four Transactions Totaling More Than $11 Million In the First Half of December 2015

TROY, Mich., (Dec. 17, 2015) – Crestmark secured a total of $11,350,000 in financial solutions for four new clients in the first half of December.

  • On Dec. 1, a $7,000,000 asset-based line of credit facility was provided to a fiberglass manufacturer and supplier in Texas.  The financing will be used to pay off an existing lender and for working capital purposes. 
  • A $600,000 ledgered line of credit was provided on Dec. 4 to a technical recruiting firm in Texas. The financing will be used for working capital purposes. 
  • A $750,000 traditional factoring facility was provided on Dec. 14 to a men’s footwear wholesaler in Florida. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Dec. 15, a $3,000,000 asset-based line of credit facility was provided to a transportation company in Arkansas. The financing will be used for to pay off an existing lender and for working capital purposes.