Crestmark secured a total of $16.265 million in financial solutions for 19 new clients in the first half of May.
Outlined below are brief descriptions of the transactions:
- $150,000 accounts receivable purchase facility to a trucking company in Washington
- $450,000 accounts receivable purchase facility to a trucking company in Minnesota
- $200,000 accounts receivable purchase facility to a startup trucking company in Florida
- $500,000 accounts receivable purchase facility to a plastics manufacturer in Florida
- $500,000 accounts receivable purchase facility to a packaging company in Georgia
- $1.375 million SBA 7(a) term loan facility to an independent insurance agency in Oklahoma
- $400,000 accounts receivable purchase facility to a trucking company in Illinois
- $150,000 accounts receivable purchase facility was provided to a startup truck company in Texas
- $2 million accounts receivable purchase facility to a parts supplier for the oil and gas industry in Louisiana
- $5.270 million SBA 7(a) term loan facility to a hospitality management group in Georgia
- $3 million ledgered line of credit facility to a telecom installation contractor in Illinois
- $750,000 accounts receivable purchase facility to a trucking brokerage in New Jersey
- $250,000 accounts receivable purchase facility to a trucking company in Florida
- $100,000 accounts receivable purchase facility to a trucking company in Iowa
- $250,000 accounts receivable purchase facility to a trucking company in Mississippi
- $145,000 accounts receivable purchase facility to a startup trucking company in Arizona
- $200,000 accounts receivable purchase facility was provided to a trucking company in Pennsylvania
- $75,000 accounts receivable purchase facility was provided to a trucking company in Minnesota
- $500,000 accounts receivable purchase facility was provided to a trucking company in Alabama