Crestmark secured a total of $12,675,000 in financial solutions for 13 new clients in the first half of August, including:
- A traditional factoring facility to a North Carolina furniture manufacturer for working capital purposes.
- A traditional factoring facility to a men’s streetwear apparel company in New Jersey to pay off previous lender and working capital purposes.
- A $1 million accounts receivable purchase facility to a provider of transportation and disposal services in Michigan to pay off previous lender and working capital purposes.
- A traditional factoring facility to a New York wholesaler of Italian handmade footwear for working capital purposes.
- A $2 million asset-based line of credit based on accounts receivable and inventory to a wholesaler and retailer of electronic accessories in California to pay off a previous lender and for working capital purposes.
- A traditional factoring facility to a men’s apparel company in California for working capital purposes.
- A $1.25 million ledgered line of credit to a trucking company in California for working capital purposes.
- A traditional factoring facility to a California swimwear wholesaler for working capital purposes.
- A $400,000 accounts receivable purchase facility to a staffing solution provider in Michigan for working capital purposes.
- A $275,000 accounts receivable purchase facility to a decorative lighting manufacturer and distributor in Tennessee to pay off a previous lender.
- A $750,000 accounts receivable purchase facility to a short haul carrier trucking company in Tennessee for working capital purposes.
- A traditional factoring facility to a California manufacturer and distributor of candles, fragrances and personal care products for working capital purposes
- A traditional factoring facility to a manufacturer and distributor of high-quality socks in California for working capital purposes.