Crestmark secured a total of $8,241,431 in financial solutions for 12 new clients in the first half of July. These included:
- $150,000 accounts receivable purchase facility was provided to a startup freight brokerage in Alabama. The financing will be used for working capital purposes.
- $450,000 accounts receivable purchase facility was provided to a trucking company in Colorado. The financing will be used for working capital purposes.
- $1.5 million accounts receivable purchase facility was provided to a startup trucking company in Texas. The financing will be used for working capital purposes.
- $141,431 term loan facility was provided to a trucking company in Virginia. The financing will be used for capital equipment.
- $150,000 accounts receivable purchase facility was provided to a startup trucking brokerage in Illinois. The financing will be used for working capital purposes.
- $250,000 traditional factoring facility was provided to a wholesaler of women’s fashion jewelry in Texas. The financing will be used for working capital purposes.
- $1 million new lease transaction was completed with a telecommunications company in the northeastern U.S. The financing will be used for technology equipment.
- $500,000 ledgered line of credit facility was provided to a temporary staffing agency in Michigan. The financing will be used for working capital purposes.
- $100,000 accounts receivable purchase facility was provided to a startup trucking company in Pennsylvania. The financing will be used for working capital purposes.
- $1.5 million accounts receivable purchase facility was provided to a trucking company in California. The financing will be used for working capital purposes.
- $1 million accounts receivable purchase facility was provided to a startup trucking company in Missouri. The financing will be used for working capital purposes.
- $1.5 million new lease transaction was completed with a technology services company in the eastern U.S. The financing will be used for technology equipment.