Crestmark Closes 21 Transactions for More than $15MM H1/Dec

DEC 20, 2017 - 7:02 am

Crestmark secured a total of $15.191 million in financial solutions for 20 new clients in the first half of December. Outlined below are brief descriptions of the transactions:

$100,000 A/R purchase facility to a trucking company in Michigan for working capital purposes
$500,000 A/R purchase facility to a trucking company in South Carolina for working capital purposes
$150,000 A/R purchase facility to a trucking company in Montana for working capital purposes
$100,000 A/R purchase facility to a startup trucking company in Tennessee for working capital purposes
$250,000 traditional factoring facility to a distributor of men’s shoes in Florida for working capital purposes
$175,000 insurance agency term loan facility to an independent insurance agency in Colorado for acquisition and for working capital purposes
$5.0 million SBA 7(a) term loan facility and a $316,377 term loan facility to a hotel management company in Louisiana to pay off an existing lender and for working capital purposes
$250,000 A/R purchase facility to a freight brokerage in Texas for working capital purposes
$750,000 A/R purchase facility to a trucking company in Indiana to pay off an existing lender and for working capital purposes
$600,000 A/R purchase facility to a trucking company in Iowa to pay off an existing lender and for working capital purposes
$250,000 A/R purchase facility to a trucking company in Texas for acquisition and for working capital purposes
$600,000 A/R purchase facility to a startup trucking company in Arkansas for working capital purposes
$500,000 A/R purchase facility to a startup trucking company in California for working capital purposes
$500,000 ledgered line of credit facility to a manufacturer of medical devices in Michigan for working capital purposes
$1.55 million new lease transaction with an environmental company in the Midwestern U.S. for transportation equipment
$750,000 A/R purchase facility to a trucking company in Missouri to pay off an existing lender and for working capital purposes
$1.75 million A/R purchase facility to a trucking company in Oklahoma for working capital purposes
$800,000 A/R purchase facility to a trucking company in Oregon for working capital purposes
$150,000 SBA 7(a) term loan facility was provided to a water, flood and fire restoration franchise in Ohio for working capital purposes
$150,000 A/R purchase facility to a startup freight brokerage in Florida for working capital purposes