Daily News: April 21, 2015

Crestmark Closes More Than $2.5MM in H1/April


Crestmark secured the following financial solutions for six new clients in the first half of April:

  • A $400,000 A/R purchase facility was provided on April 1 to a trucking company in Tennessee. The financing will be used for working capital purposes.
  • On April 2, a $500,000 traditional factoring facility was provided to a North Carolina wholesaler of home furnishings.
  • A $600,000 A/R purchase facility was provided on April 3 to a trucking company in Texas. The financing will be used for working capital purposes.
  • On April 3, a $500,000 A/R purchase facility was provided to an automobile hauler in California. The financing will be used for working capital purposes.
  • A $500,000 A/R purchase facility was provided on April 8 to a trucking company in Kentucky. The financing will be used for working capital purposes.
  • On April 9, a $150,000 accounts receivable purchase facility was provided to a general freight hauler in Illinois. The financing will be used for working capital purposes.