Crestmark secured a total of approximately $13.3 million in financial solutions for 15 new clients in the second half of August.
Outlined below are brief descriptions of the transactions:
- $125,000 A/R purchase facility to a trucking company in California for working capital purposes
- $135,000 insurance agency term loan facility to an independent insurance agency in South Carolina for working capital purposes
- $400,000 A/R purchase facility to a trucking company in Illinois for working capital purposes
- $5.5 million ledgered line of credit to a manufacturer of building supplies in Michigan to pay off an existing lender and for working capital purposes
- $500,000 A/R purchase facility to an oil and gas maintenance service provider in North Carolina for working capital purposes.
- $250,000 traditional factoring facility to an importer and wholesale distributor of consumer goods in North Carolina for working capital purposes
- $100,000 A/R purchase facility to a startup trucking company in Illinois for working capital purposes
- $2.5 million asset-based line of credit to a frozen food importer and wholesaler in Florida for working capital purposes.
- $200,000 A/R purchase facility to a trucking company in Texas to pay off an existing lender and for working capital purposes
- $125,000 A/R purchase facility to a trucking company in Kentucky for working capital purposes
- $100,000 A/R purchase facility to a trucking company in Georgia for working capital purposes
- $100,000 A/R purchase facility to a startup trucking company in Arizona for working capital purposes
- $1 million traditional factoring facility to a cosmetics manufacturer in New York to pay off an existing lender and for working capital purposes
- $2 million ledgered line of credit to a machinery manufacturer in Michigan for working capital purposes
- $250,000 A/R purchase facility to a trucking company in Indiana for working capital purposes