In the second half of June, Crestmark completed a total of 11 transactions worth $22.1 million, marking a significant increase over the first half of the month.

The standout of the new transactions was a $7.5 million asset-based line of credit to a metal products manufacturer in Indiana.

Other highlights include a $4.8 million accounts receivable purchase provided to a textile products manufacturer and distributor in Massachusetts, a $2.5 million asset-based line of credit to a specialty steel products manufacturer in Texas, a $2.15 million asset-based line of credit to a HVAC products manufacturer in Michigan and a $1.5 million accounts receivable purchase facility to a medical supplies manufacturer in New York.

The bulk of the transactions will be used for working capital purposes, with a staffing and extended learning services provider in Maryland, which received a $500,000 accounts receivable purchase facility, the lone beneficiary not to earmark a transaction for such reasons.

As reported previously, Crestmark closed on eight transactions worth $5.34 million in the first half of the month.