Crestmark Closes 18 Transactions for $25MM+ in H1/June

JUN 20, 2018 - 6:29 am

Crestmark secured a total of $25.3 million in financial solutions for 18 new clients in the first half of June 2018. Those transactions included:

$1.5 million A/R purchase facility to a trucking company in Michigan to pay off an existing lender and for working capital purposes
$750,000 A/R purchase facility to a food supplier in California to pay off an existing lender and for working capital purposes
$150,000 A/R purchase facility to a trucking company in Oregon for working capital purposes
$2.5 million asset based line of credit facility to a distributor of home goods in Ontario, Canada to pay off an existing lender and for working capital purposes
$1 million asset based line of credit to a distributor of home goods in New York to pay off an existing lender and for working capital purposes
$3 million new lease transaction for a fuel management company in the southern U.S. for capital equipment
$100,000 A/R purchase facility to a trucking company in Texas for working capital purposes
$1.514 million term loan for an energy development company in California for acquisition purposes.
$600,000 new lease transaction for a managed medical services company in the southeastern U.S. for capital equipment
$7.5 million asset based line of credit to a chemical processing and manufacturing company in Texas to pay off an existing lender and for working capital purposes
$100,000 A/R purchase facility to a trucking company in New York for working capital purposes
$2.51 million term loan for an independent wealth management firm in Ohio to pay off an existing lender
$100,000 term loan for an independent wealth management firm in Missouri to pay off an existing lender
$250,000 A/R purchase facility to a startup freight brokerage in North Carolina for working capital purposes
$1.375 million term loan for an independent wealth management firm in Montana to pay off an existing lender
$200,000 A/R purchase facility to a startup trucking company in Texas for working capital purposes
$1.925 million term loan for an independent wealth management firm in Washington to pay off an existing lender
$200,000 A/R purchase facility to a startup trucking company in Kentucky for working capital purposes