Daily News: January 7, 2014

Crestmark December Transactions Total More than $5.5MM


Crestmark secured a total of $5.8 million in financial solutions for five new clients in December.

  • On December 10, a traditional factoring facility was provided to an importer and distributor of bicycles and accessories located in North Carolina.
  • A $300,000 accounts receivable purchase facility was provided on December 17 to provide working capital for a start-up trucking company in Kentucky.
  • On December 20, a $500,000 accounts receivable purchase facility was provided to a Texas provider of oil and gas well services.
  • A $500,000 traditional factoring facility was provided on December 26 to a designer and distributor of fashion accessories in Arizona.
  • On December 31, a $4 million ABL facility was provided to a Florida manufacturer of construction products.