Daily News: November 17, 2017

Crestmark Closes 10 Transactions for Nearly $14.5MM in November


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 for working capital purposes
  • $1.9786 million insurance agency term loan facility to an independent insurance agency in Washington for acquisition purposes
  • $100,000 accounts receivable purchase facility to a trucking company in California for working capital purposes
  • $1.3 million ledgered line of credit facility to a staffing company in Texas for working capital purposes
  • $250,000 traditional factoring facility to a designer and wholesaler of textiles in New York for working capital purposes
  • $1.5 million ledgered line of credit facility to a manufacturer and distributor of commercial outdoor equipment in Michigan for working capital purposes
  • $150,000 accounts receivable purchase facility to a trucking company in Michigan 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 to pay off an existing lender and for working capital purposes
  • $600,000 accounts receivable purchase facility to a trucking company in Texas for working capital purposes
  • $4 million asset-based line of credit facility to a manufacturer and distributor of wireless towers in Indiana for working capital purposes