Crestmark secured a total of $11.35 million in financial solutions for four new clients in the first half of December.
Outlined below are brief descriptions of the transactions:
- $7 million asset-based line of credit facility was provided to a fiberglass manufacturer and supplier in Texas. The financing will be used to pay off an existing lender and for working capital purposes.
- $600,000 ledgered line of credit was provided to a technical recruiting firm in Texas. The financing will be used for working capital purposes.
- $750,000 traditional factoring facility was provided to a men’s footwear wholesaler in Florida. The financing will be used to pay off an existing lender and for working capital purposes.
- $3 million asset-based line of credit facility was provided to a transportation company in Arkansas. The financing will be used for to pay off an existing lender and for working capital purposes.