Crestmark Closes 21 Transactions Totaling $12.7MM

DEC 19, 2016 - 7:07 am

Crestmark secured a total of $12.7 million in financial solutions for 21 new clients in the first half of December. Outlined below are brief descriptions of the transactions:

$250,000 traditional factoring facility to a distributor of men’s, women’s and children’s apparel in New York for working capital purposes
$275,000 A/R purchase facility to a trucking company in Florida for working capital purposes
$250,000 traditional factoring facility to a fabric and yarn manufacturer in New York for working capital purposes
$150,000 A/R purchase facility to a trucking company in Georgia for working capital purposes
$250,000 traditional factoring facility to an apparel manufacturer in New York for working capital purposes
$900,000 ledgered line of credit facility to a packaging company in Illinois to pay off an existing lender and for working capital purposes
$75,000 A/R purchase facility to a trucking company in Georgia for working capital purposes
$600,000 ledgered line of credit facility to an educational services provider in Michigan to pay off an existing lender and for working capital purposes
$250,000 traditional factoring facility to a distributor of men’s and women’s apparel in Texas for working capital purposes
$4 million asset-based line of credit facility to a metal fabrication company in Georgia to pay off an existing lender and for working capital purposes
$1.5 million asset-based line of credit facility to a medical device manufacturer in South Dakota for working capital purposes
$120,000 A/R purchase facility to a trucking company in Texas for working capital purposes
$500,000 A/R purchase facility was provided to a trucking company in Alabama for working capital purposes
$125,000 A/R purchase facility was provided to a trucking company in Florida for working capital purposes
$250,000 A/R purchase facility to a startup trucking company in Wisconsin for working capital purposes
$1.15 million SBA 7(a) term loan facility to an independent insurance agency in Florida for acquisition purposes
$185,000 insurance agency term loan facility to an independent insurance agency in Oregon for acquisition purposes
$250,000 ledgered line of credit facility to an apparel appliqué manufacturer in Missouri to pay off an existing lender and for working capital purposes
$800,000 ledgered line of credit facility to a fabric manufacturer in Missouri to pay off an existing lender and for working capital purposes
$700,000 ledgered line of credit facility to a fabric and apparel appliqué manufacturer in Missouri to pay off an existing lender and for working capital purposes
$127,125 term loan facility to a trucking company in Michigan for working capital purposes