Crestmark Closes 18 Transactions Totaling $25.7MM in H1/March

Crestmark secured a total of $25.675 million in financial solutions for 16 new clients in the first half of March 2018. Those transactions included:

• $500,000 term loan facility to a software developer in Michigan. The financing will be used to pay off an existing lender and for working capital purposes.

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• $2 million ledgered line of credit facility to an oil and gas services provider in Texas. The financing will be used 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 Connecticut. The financing will be used for working capital purposes.

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• $150,000 A/R purchase facility to a trucking company in Pennsylvania. The financing will be used for working capital purposes.

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• $650,000 A/R purchase facility to a freight broker in Michigan. The financing will be used for working capital purposes.

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• $807,000 new lease transaction with a fitness club in the Eastern U.S. The financing will be used for fitness equipment.

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• $200,000 A/R purchase facility to a trucking company in California. The financing will be used for working capital purposes.

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• $2.5 million SBA 7(a) term loan facility to a swim school franchise in Massachusetts. The financing will be used for new construction and for working capital purposes.

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• $200,000 A/R purchase facility to a trucking company in Georgia. The financing will be used for working capital purposes.

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• $1.5 million ledgered line of credit facility to an equipment manufacturer in Colorado. The financing will be used 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 South Carolina. The financing will be used for working capital purposes.

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• $3 million A/R purchase facility to an oil and gas services provider in Texas. The financing will be used for working capital purposes.

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• $5 million SBA 7(a) term loan facility and a $1.223 million Crestmark term loan facility to a hospitality management company in Texas. The financing will be used for new construction and for working capital purposes.

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• $150,000 A/R purchase facility to a trucking company in North Carolina. The financing will be used for working capital purposes.

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• $600,000 insurance agency term loan facility to an independent insurance agency in Ohio. The financing will be used to pay off an existing lender.

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• $3.925 million USDA Business & Industry term loan facility and a $3.020 million SBA 7(a) term loan facility to a hospitality management company in Virginia. The financing will be used to pay off an existing lender and for acquisition purposes.

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