Crestmark secured a total of $15.8 million in financial solutions for 15 new clients in the second half of September.
Outlined below are brief descriptions of the deals:
- $3.9 million new lease transaction with a waste water treatment company in the Northwestern U.S. for capital equipment
- $250,000 traditional factoring facility to a shoe wholesaler and distributor in Oregon for working capital purposes
- $250,000 traditional factoring facility to a distributor of women’s accessories in Florida for working capital purposes
- $932,000 SBA 7(a) term loan facility to an independent insurance agency in California for acquisition purposes
- $2 million A/R purchase facility to a trucking company in Michigan to pay off an existing lender and for working capital purposes
- $1 million A/R purchase facility to a trucking company in Maryland for working capital purposes
- $250,000 A/R purchase facility to a trucking company in Virginia for working capital purposes
- $1 million traditional factoring facility to a women’s apparel wholesaler in New York to pay off an existing lender and for working capital purposes
- $1.875 million USDA term loan facility to a solar energy farm in South Carolina for working capital purposes
- $2.5 million USDA term loan facility to a solar energy farm in South Carolina for working capital purposes
- $100,000 A/R purchase facility to a trucking company in Ohio for working capital purposes
- $400,000 A/R purchase facility to a trucking company in Georgia for working capital purposes
- $150,000 A/R purchase facility to a trucking company in Utah for working capital purposes
- $1.2 million term loan facility to a wholesale distributor of hydraulic parts in Texas for working capital purposes
- A funds-as-collected traditional factoring facility to an Ontario-based distributor of men’s apparel for working capital purposes