Crestmark secured more than $31.046 million in financial solutions with 16 transactions for 14 new clients in the second half of August 2018.
Those transactions included:
- $400,000 A/R purchase facility to a trucking company in Illinoisfor working capital purposes
- $7.5 million ledgered line of credit to an oil and gas services provider in Louisiana to pay off an existing lender and for working capital purposes
- $2.75 million new lease transaction for a telecommunications company in the southwestern U.S. for IT equipment
- $150,000 A/R purchase facility to a trucking company in Texas for working capital purposes
- $2 million ledgered line of credit to a wireless communications company in California for working capital purposes
- $1.87 million term loan to an independent wealth management firm in California to pay off an existing lender
- $150,000 A/R purchase facility to a trucking company in Californiafor working capital purposes
- $3 million ledgered line of credit and a $900,000 term loan to a food manufacturer in Illinois to pay off an existing lender and for working capital purposes
- $3.22 million in two new lease transactions for an energy management company in the midwestern U.S. for IT equipment
- $4.088 million term loan to an independent wealth management firm in Georgiato pay off an existing lender
- $500,000 A/R purchase facility to a staffing company in North Carolina for working capital purposes
- $869,000 term loan to an independent wealth management firm in California to pay off an existing lender
- $3.5 million ledgered line of credit to an oilfield services provider in Texas for working capital purposes
- $150,000 A/R purchase facility to a trucking company in Michigan for working capital purposes