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Crestmark Closes 16 Transactions Totaling More Than $17.9 Million in the First Half of September

Crestmark secured a total of $17,945,000 in financial solutions for 16 new clients in the first half of September.

  • A $250,000 traditional factoring facility was provided on Sept. 1 to a distributor of footwear in North Carolina. The financing will be used for working capital purposes.
  • On Sept. 1, a $415,000 SBA 7(a) term loan facility was provided to an independent insurance agency in Florida. The financing will be used for acquisition purposes.
  • A $200,000 accounts receivable purchase facility was provided on Sept. 1 to a startup trucking company in North Carolina. The financing will be used for working capital purposes.
  • On Sept. 2, a $150,000 accounts receivable purchase facility was provided to a startup trucking company in Tennessee. The financing will be used for working capital purposes.
  • A $1,730,000 SBA 7(a) term loan facility was provided on Sept. 6 to an independent insurance agency in North Carolina. The financing will be used to pay off an existing lender and acquisition purposes.
  • On Sept. 6, a $150,000 accounts receivable purchase facility was provided to a trucking company in Ohio. The financing will be used for working capital purposes.
  • A $2,225,000 SBA 7(a) term loan facility was provided on Sept. 7 to a quality control service company in Michigan. The financing will be used for acquisition and working capital purposes.
  • On Sept. 8, a $750,000 ledgered line of credit facility was provided to a granite importer and distributor in New Jersey. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $4,875,000 SBA 7(a) term loan facility was provided on Sept. 9 to an independent insurance agency in Florida. The financing will be used for acquisition and working capital purposes.
  • On Sept. 9, a $250,000 traditional factoring facility was provided to a distributor of women’s apparel in California. The financing will be used for working capital purposes.
  • A $150,000 accounts receivable purchase facility was provided on Sept. 12 to a trucking company in Texas. The financing will be used for working capital purposes.
  • On Sept. 13, a $100,000 accounts receivable purchase facility was provided to a startup trucking company in Illinois. The financing will be used for working capital purposes.
  • A $2,000,000 accounts receivable purchase facility was provided on Sept. 13 to a trucking company in Michigan. The financing will be used for working capital purposes.
  • On Sept. 13, a $3,750,000 asset-based line of credit facility was provided to a paper and packaging distributor in Texas. The financing will be used to pay off an existing lender and working capital purposes.
  • A $500,000 ledgered line of credit facility was provided on Sept. 15 to a maintenance service company for the oil and gas industry in Texas. The financing will be used to pay off an existing lender and working capital purposes.
  • On Sept. 15, a $450,000 ledgered line of credit facility was provided to a hospitality staffing company in North Carolina. The financing will be used for working capital purposes.

    About Crestmark 

    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