Crestmark secured a total of $7.31 million in financial solutions for 12 new clients in the first half of January. Outlined below are brief descriptions of the transactions:
- $625,000 insurance agency term loan facility to an independent insurance agency in Arizona for acquisitions
- $250,000 A/R purchase facility to a trucking company in Texas to pay off an existing lender and for working capital
- $250,000 A/R purchase facility to a startup trucking company in Florida for working capital
- $3 million asset-based line of credit facility to an energy pipeline consulting firm in Texas to pay off an existing lender and for working capital
- $150,000 A/R purchase facility to a trucking company in Illinois working capital
- $100,000 A/R purchase facility to a startup trucking company in New Mexico for working capital
- $35,542 term loan facility to an equipment holding company in North Carolina for working capital
- $2 million ledgered line of credit facility to an oil and gas service company in Oklahoma for acquisitions and working capital
- $200,000 term loan facility to an educational services provider in Michigan for working capital
- $100,000 A/R purchase facility to a startup trucking company in North Carolina for working capital
- $200,000 insurance agency term loan facility to an independent insurance agency in Florida for acquisitions
- $400,000 A/R purchase facility to a medical supplies distributor in California for working capital