Crestmark Closes Six Transactions Totaling More Than $4 Million in the First Half of April 2016

TROY, Mich., (April 20, 2016) – Crestmark secured a total of $4,375,000 in financial solutions for six new clients in the first half of April.

  • A $175,000 SBA 7(a) term loan facility was provided on April 1 to an independent insurance agency in Louisiana. The financing will be used for acquisition purposes.
  • On April 1, a $500,000 accounts receivable purchase facility was provided to a school supplies distributor in Georgia. The financing will be used for working capital purposes.
  • A $2,500,000 ledgered line of credit facility was provided on April 6 to an inventory services provider in Florida. The financing will be used for working capital purposes.
  • On April 6, a $500,000 accounts receivable purchase facility was provided to a trucking company in Illinois. The financing will be used for working capital purposes.
  • A $500,000 accounts receivable purchase facility was provided on April 12 to an electrical sign company in Florida. The financing will be used for working capital purposes.
  • On April 14, a $200,000 accounts receivable purchase facility was provided to a land services provider in Alabama. The financing will be used for working capital purposes.