Crestmark secured a total of $18.2 million in financial solutions for 19 new clients in the second half of October 2017. Outlined below are brief descriptions of the transactions:

  • $250,000 traditional factoring facility to a distributor of fashion accessories in Florida, used for working capital
  • $300,000 accounts receivable purchase facility to a trucking company in California, used for working capital
  • $100,000 accounts receivable purchase facility to a trucking company in Texas for working capital
  • $500,000 accounts receivable purchase facility to a distributor of rubber for working capital
  • $150,000 accounts receivable purchase facility to a trucking company in Florida for working capital
  • $3.76 million – $2.5 million ledgered line of credit facility and a $1.26 million term loan facility to an industrial pump servicing company in Texas to pay off an existing lender, for equipment financing and for working capital
  • $400,000 accounts receivable purchase facility to a trucking company in Pennsylvania for working capital
  • $2.2 million new lease transaction was completed with a medical supply company in the western U.S. for software.
  • $150,000 accounts receivable purchase facility to a trucking company in Texas for working capital
  • $2.0 million accounts receivable purchase facility to a trucking company in Kentucky to pay off an existing lender and for working capital
  • $1.1 million new lease transaction was completed with a defense contractor in the midwestern U.S. for assembly line equipment
  • $100,000 accounts receivable purchase facility to a startup freight brokerage for working capital
  • $3.6 million new lease transaction was completed with a lumber company in the western U.S. for machine tools.
  • $500,000 accounts receivable purchase facility to a trucking company in Kentucky for working capital
  • $1.0 million traditional factoring facility to a distributor of oral care products in Texas for working capital
  • $200,000 accounts receivable purchase facility to a startup freight brokerage in Florida for working capital
  • $1.49 million SBA 7(a) term loan facility to a tire and wheel company in California for acquisition
  • $150,000 accounts receivable purchase facility to a trucking company in Illinois for working capital
  • $200,000 accounts receivable purchase facility to a trucking company in Texas for working capital