Crestmark secured a total of $16.89 million in financial solutions for 14 new clients in the first half of October. These included:
- $2.2 million new lease transaction to a communications provider in the West
- $4.72 million USDA Business and Industry loan facility to a hospitality management company in Ohio for acquisition and for working capital purposes
- $250,000 traditional factoring facility to a fabric wholesaler in New York for working capital purposes.
- $100,000 A/R purchase facility to a startup trucking company in Georgia for working capital purposes
- $700,000 ledgered line of credit facility to a model manufacturing company in Indiana for working capital purposes
- $250,000 traditional factoring facility to an apparel wholesaler in New Jersey for working capital purposes
- $750,000 A/R purchase facility to a startup trucking company in California for working capital purposes
- $100,000 A/R purchase facility to a startup trucking company in Ohio for working capital purposes
- $500,000 ledgered line of credit facility to a staffing company in Florida for working capital purposes
- $1.200 million SBA 7(a) term loan facility to an independent insurance agency in Texas for acquisition and for working capital purposes
- $4.720 million USDA Business and Industry loan facility to a hospitality management company in Ohio for acquisition and for working capital purposes
- $1 million SBA 7(a) term loan facility to an independent insurance agency in Florida for acquisition and for working capital purposes
- $250,000 A/R purchase facility to a trucking company in Kentucky for working capital purposes
- $150,000 A/R purchase facility to a trucking company in Missouri for working capital purposes