Crestmark secured a total of $8.775 million in financial solutions for 14 new clients in the second half of May. Outlined below are brief descriptions of the transactions:
- $500,000 accounts receivable purchase facility to a parts supplier for the oil and gas industry in Texas
- $200,000 accounts receivable purchase facility to a trucking company in Texas
- $1.5 million accounts receivable purchase facility to a trucking company in Alabama
- $1 million traditional factoring facility to a mattress manufacturer in Georgia
- $250,000 traditional factoring facility to a men’s footwear wholesaler in Florida
- $700,000 ledgered line of credit facility to an industrial supply and label company in Texas
- $75,000 accounts receivable purchase facility to a trucking company in Pennsylvania
- $300,000 ledgered line of credit facility to an aircraft repair company in Virginia
- $500,000 accounts receivable purchase facility to a machinery and tooling manufacturer in Michigan
- $750,000 traditional factoring facility to an importer and wholesaler of men’s and women’s footwear in New Jersey
- $500,000 traditional factoring facility to a swimwear and active wear company in Florida
- $250,000 accounts receivable purchase facility to a trucking company in Texas
- $250,000 accounts receivable purchase facility to a start-up trucking company in Tennessee
- $2 million ledgered line of credit facility to an electronics manufacturer in Ohio