Crestmark Closes 18 Transactions for $25MM+ in H1/June

Crestmark secured a total of $25.3 million in financial solutions for 18 new clients in the first half of June 2018.

Those transactions included:

• $1.5 million A/R purchase facility to a trucking company in Michigan to pay off an existing lender and for working capital purposes

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• $750,000 A/R purchase facility to a food supplier in California to pay off an existing lender and for working capital purposes

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

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• $2.5 million asset based line of credit facility to a distributor of home goods in Ontario, Canada to pay off an existing lender and for working capital purposes

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• $1 million asset based line of credit to a distributor of home goods in New York to pay off an existing lender and for working capital purposes

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• $3 million new lease transaction for a fuel management company in the southern U.S. for capital equipment

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• $100,000 A/R purchase facility to a trucking company in Texas for working capital purposes

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• $1.514 million term loan for an energy development company in California for acquisition purposes.

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• $600,000 new lease transaction for a managed medical services company in the southeastern U.S. for capital equipment

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• $7.5 million asset based line of credit to a chemical processing and manufacturing company in Texas to pay off an existing lender and for working capital purposes

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• $100,000 A/R purchase facility to a trucking company in New York for working capital purposes

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• $2.51 million term loan for an independent wealth management firm in Ohio to pay off an existing lender

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• $100,000 term loan for an independent wealth management firm in Missouri to pay off an existing lender

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• $250,000 A/R purchase facility to a startup freight brokerage in North Carolina for working capital purposes

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• $1.375 million term loan for an independent wealth management firm in Montana to pay off an existing lender

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• $200,000 A/R purchase facility to a startup trucking company in Texas for working capital purposes

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• $1.925 million term loan for an independent wealth management firm in Washington to pay off an existing lender

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• $200,000 A/R purchase facility to a startup trucking company in Kentucky for working capital purposes

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