Crestmark Closes 18 Transactions Totaling Nearly $20MM in H1/May

MAY 17, 2018 - 7:18 am

Crestmark secured a total of $19.99 million in financial solutions for 18 new clients in the first half of May. The following are brief descriptions of the transactions:

$100,000 A/R purchase facility to a trucking company in Washington for working capital purposes
$315,000 SBA 7(a) term loan facility to an independent insurance agency in Texas to pay off an existing lender and for working capital purposes
$250,000 A/R purchase facility to a trucking company in California for working capital purposes
$1.2 million ledgered line of credit facility to a staffing company in Florida for working capital purposes
$200,000 A/R purchase facility to a trucking company in Illinois to pay off an existing lender and for working capital purposes
$1.086 million new lease transaction with a healthcare provider in the Eastern U.S. for software
$750,000 A/R purchase facility to a trucking company in Florida to pay off an existing lender and for working capital purposes
$1.75 million A/R purchase facility to a trucking company in Florida to pay off an existing lender and for working capital purposes
$1.875 million term loan facility to an independent wealth management firm in Georgia to pay off an existing lender and for acquisition purposes
$200,000 A/R purchase facility to a trucking company in Texas to pay off an existing lender and for working capital purposes
$3.632 million asset-based line of credit facility to a jewelry chain manufacturer in Rhode Island to pay off an existing lender and for working capital purposes
$350,000 A/R purchase facility to a startup freight brokerage in Florida for working capital purposes
$1.872 million insurance agency term loan facility to an independent insurance agency in Florida for acquisition purposes
$500,000 A/R purchase facility to a medical staffing company in Nevada for working capital purposes
$600,000 new lease transaction with an equipment company in the Southwestern U.S. for capital equipment
$4.408 million new lease transaction with a lifting service provider for capital equipment
$150,000 A/R purchase facility to a startup trucking company in Alabama for working capital purposes
$753,000 new lease transaction with an energy management company in the Midwestern U.S. for IT equipment