Crestmark Closes Over $11.5MM in Last Half of April
Crestmark secured a total of $11,763,500 in financial solutions for six new clients in the final two weeks of April.
On April 19, a $500,000 accounts receivable purchase facility was provided to a manufacturer of nutritional products located in Utah.
A $500,000 accounts receivable purchase facility was provided on April 21 to a truckload carrier in Louisiana.
On April 24, a $250,000 accounts receivable purchase facility was secured to provide working capital to a start-up trucking company in Tennessee.
A $7,500,000 asset based lending facility with advances on accounts receivable and inventory was provided on April 25 to a Texas distributor of pipe and pipe fittings.
On April 30, a $1,000,000 traditional factoring facility was provided to a New York designer and distributor of diamonds and jewelry.
A $1,250,000 asset based lending facility with advances on accounts receivable and machinery/equipment was provided on April 30 to a CNC machining and processing facility in Ohio.