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.