Crestmark secured the following financial solutions for nine new clients in the H2/April:
- A $5 million asset-based line of credit was provided on April 21 to a distributor of pipeline products in Texas. The financing will be used to pay off a previous lender and for working capital purposes.
- On April 22, a $400,000 A/R purchase facility was provided to a metal fabricator in Nevada. The financing will be used for working capital purposes.
- $2 million and $1.5 million A/R purchase facilities were provided on April 24 to concrete mix suppliers in Missouri. The financing will be used to pay off previous lenders and for working capital purposes.
- On April 24, a $500,000 A/R purchase facility was provided to a trucking company in Kentucky. The financing will be used for working capital purposes.
- A $300,000 traditional factoring facility was provided on April 30 to an apparel importer and wholesaler in Florida. The financing will be used for working capital purposes.
- On April 30, a $300,000 A/R purchase facility was provided to a salad dressing manufacturer in Canada. The financing will be used for working capital purposes.
- A $2 million asset-based line of credit was provided on April 30 to a greeting card designer and distributor in Massachusetts. The financing will be used for working capital purposes.
- On April 30, a $690,000 SBA term loan facility was provided to a funeral home in Michigan. The financing will be used to pay off a previous lender.