Crestmark secured a total of $11.15 million in financial solutions for six new clients in the second half of February.

These transactions were:

• $400,000 accounts receivable purchase facility to a trucking company in Texas for working capital purposes
• $2 million traditional factoring facility to a textile importer in Florida for working capital purposes
• $500,000 accounts receivable purchase facility to a school bus and motor coach transportation company in Michigan to pay off a previous lender and for working capital purposes
• $500,000 traditional factoring facility to a manufacturer of women’s knit apparel in New York for working capital purposes
• $750,000 ledgered line of credit facility to a rope and chain sling manufacturer in Louisiana to pay off a previous lender and for working capital purposes
• $7 million accounts receivable purchase facility to a manufacturer of automotive acoustic systems in Michigan for working capital purposes