Crestmark Closes Six Transactions Totaling Over $2.5 Million in the First Half of April

 

TROY, MICHIGAN (April 20, 2015) – Crestmark secured a total of $2,650,000 in financial solutions for six new clients in the first half of April.

  • A $400,000 accounts receivable purchase facility was provided on April 1 to a trucking company in Tennessee. The financing will be used for working capital purposes.
  • On April 2, a $500,000 traditional factoring facility was provided to a North Carolina wholesaler of home furnishings.
  • A $600,000 accounts receivable purchase facility was provided on April 3 to a trucking company in Texas. The financing will be used for working capital purposes.
  • On April 3, a $500,000 accounts receivable purchase facility was provided to an automobile hauler in California. The financing will be used for working capital purposes.
  • A $500,000 accounts receivable purchase facility was provided on April 8 to a trucking company in Kentucky. The financing will be used for working capital purposes.
  • On April 9, a $150,000 accounts receivable purchase facility was provided to a general freight hauler in Illinois. The financing will be used for working capital purposes.

Crestmark is an FDIC-insured bank that provides innovative financial solutions for businesses nationwide. Financing solutions include asset-based lending, accounts receivable financing, lines of credit, term loans, factoring, machinery/equipment financing and equipment leasing. Crestmark has extensive experience in helping many industries including transportation, manufacturing, staffing, petrochemical, government contractors, apparel/footwear/furniture distribution/manufacturing, hospitality/hotels, insurance agencies, and technology hardware/software. Headquartered in Michigan, with additional offices in California, Florida, Louisiana, Tennessee, New York, and Illinois; and representatives nationwide.  www.crestmark.com

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