Crestmark Closes More Than $31MM in Transactions in H2/August

Crestmark secured more than $31.046 million in financial solutions with 16 transactions for 14 new clients in the second half of August 2018.

Those transactions included:

• $400,000 A/R purchase facility to a trucking company in Illinoisfor working capital purposes

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• $7.5 million ledgered line of credit to an oil and gas services provider in Louisiana to pay off an existing lender and for working capital purposes

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• $2.75 million new lease transaction for a telecommunications company in the southwestern U.S. for IT equipment

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• $150,000 A/R purchase facility to a trucking company in Texas for working capital purposes

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• $2 million ledgered line of credit to a wireless communications company in California for working capital purposes

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• $1.87 million term loan to an independent wealth management firm in California to pay off an existing lender

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• $150,000 A/R purchase facility to a trucking company in Californiafor working capital purposes

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• $3 million ledgered line of credit and a $900,000 term loan to a food manufacturer in Illinois to pay off an existing lender and for working capital purposes

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• $3.22 million in two new lease transactions for an energy management company in the midwestern U.S. for IT equipment

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• $4.088 million term loan to an independent wealth management firm in Georgiato pay off an existing lender

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• $500,000 A/R purchase facility to a staffing company in North Carolina for working capital purposes

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• $869,000 term loan to an independent wealth management firm in California to pay off an existing lender

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• $3.5 million ledgered line of credit to an oilfield services provider in Texas for working capital purposes

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• $150,000 A/R purchase facility to a trucking company in Michigan for working capital purposes

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