Crestmark Closes $40.6MM in 23 Transactions in H2/May

Crestmark secured a total of $40.631 million in 23 transactions for 21 new clients in the second half of May 2018.

Those transactions included:

•  $500,000 ledgered line of credit to a metal fabrication company in Arkansas to pay off an existing lender and for working capital purposes

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• $250,000 A/R purchase facility to a start-up trucking company in Ontario for working capital purposes

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

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• $1.31 million term loan to an independent wealth management firm in Colorado to pay off an existing lender

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

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• $321,000 insurance agency term loan to an independent insurance agency in California for acquisition purposes

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• $6.879 million USDA Business & Industry term loan to a hospitality management company in Florida for acquisition and working capital purposes

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•  $4 million asset-based line of credit facility to a commercial printer in Florida to pay off an existing lender and for working capital purposes

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• $3.07 million new lease transaction and a $665,550 new lease transaction for a food supplier in the western U.S. for capital equipment

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•  $300,000 A/R purchase facility to a trucking company in Iowa to pay off an existing lender and for working capital purposes

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• $250,000 traditional factoring facility to a distributor of women’s apparel in Florida for working capital purposes

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•  $2.5 million A/R purchase facility to a trucking company in California for working capital purposes

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• $4.136 million new lease transaction for a manufacturer in the mid-western U.S. for IT equipment

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•  $8.888 million term loan facility to a financial services franchise in Connecticut to pay off an existing lender

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• $3.385 million term loan facility to an independent wealth management firm in California to pay off an existing lender

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• $375,000 A/R purchase facility to a concrete manufacturer in Alabama for working capital purposes

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•  $2 million A/R purchase facility and a $166,438 term loan to an electronics manufacturer in Florida to pay off an existing lender and for working capital purposes

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• $785,000 new lease transaction for a logistics supply chain company in the southeastern U.S. for capital equipment

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

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

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

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