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Crestmark Closes 12 Transactions Totaling More Than $8 Million in the First Half of July

Crestmark secured a total of $8,241,431 in financial solutions for 12 new clients in the first half of July.

  • A $150,000 accounts receivable purchase facility was provided on July 3 to a startup freight brokerage in Alabama. The financing will be used for working capital purposes.
  • On July 5, a $450,000 accounts receivable purchase facility was provided to a trucking company in Colorado. The financing will be used for working capital purposes.
  • A $1,500,000 accounts receivable purchase facility was provided on July 7 to a startup trucking company in Texas. The financing will be used for working capital purposes.
  • On July 7, a $141,431 term loan facility was provided to a trucking company in Virginia. The financing will be used for capital equipment.
  • A $150,000 accounts receivable purchase facility was provided on July 7 to a startup trucking brokerage in Illinois. The financing will be used for working capital purposes.
  • On July 7, a $250,000 traditional factoring facility was provided to a wholesaler of women’s fashion jewelry in Texas. The financing will be used for working capital purposes.
  • A $1,000,000 new lease transaction was completed on July 11 with a telecommunications company in the northeastern U.S. The financing will be used for technology equipment.
  • On July 12, a $500,000 ledgered line of credit facility was provided to a temporary staffing agency in Michigan. The financing will be used for working capital purposes.
  • A $100,000 accounts receivable purchase facility was provided on July 12 to a startup trucking company in Pennsylvania. The financing will be used for working capital purposes.
  • On July 12, a $1,500,000 accounts receivable purchase facility was provided to a trucking company in California. The financing will be used for working capital purposes.
  • A $1,000,000 accounts receivable purchase facility was provided on July 14 to a startup trucking company in Missouri. The financing will be used for working capital purposes.
  • On July 14, a $1,500,000 new lease transaction was completed with a technology services company in the eastern U.S. The financing will be used for technology equipment.

Crestmark is an FDIC-insured bank that provides innovative financial solutions for businesses nationwide. Financing solutions include asset-based lending, accounts receivable financing, lines of credit, term loans, factoring, machinery/equipment financing and equipment leasing. Crestmark has extensive experience in helping many industries including transportation, manufacturing, staffing, petrochemical, government contractors, apparel/footwear/furniture distribution/manufacturing, hospitality/hotels, insurance agencies, and technology hardware/software. Headquartered in Michigan, with additional offices in California, Florida, Louisiana, Tennessee, New York, and Illinois; and representatives nationwide.  www.crestmark.com