Crestmark Closes 10 Transactions for Nearly $14.5MM in November



Crestmark secured nearly $14.5 million in financial solutions for 10 new clients in the first half of November. Those transactions included:

  • $600,000 accounts receivable purchase facility to a trucking company in Georgia. The financing will be used for working capital purposes.
  • $1.9786 million insurance agency term loan facility to an independent insurance agency in Washington. The financing will be used for acquisition purposes.
  • $100,000 accounts receivable purchase facility to a trucking company in California. The financing will be used for working capital purposes.
  • $1.3 million ledgered line of credit facility to a staffing company in Texas. The financing will be used for working capital purposes.
  • $250,000 traditional factoring facility to a designer and wholesaler of textiles in New York. The financing will be used for working capital purposes.
  • $1.5 million ledgered line of credit facility to a manufacturer and distributor of commercial outdoor equipment in Michigan. The financing will be used for working capital purposes.
  • $150,000 accounts receivable purchase facility to a trucking company in Michigan. The financing will be used to pay off an existing lender and for working capital purposes.
  • $4 million traditional factoring facility to an importer and wholesaler of women’s apparel. The financing will be used to pay off an existing lender and for working capital purposes.
  • $600,000 accounts receivable purchase facility to a trucking company in Texas. The financing will be used for working capital purposes.
  • $4 million asset-based line of credit facility was provided to a manufacturer and distributor of wireless towers in Indiana. The financing will be used for working capital purposes.


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com