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