Crestmark Closes 11 Transactions in the First Half of April

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April 18, 2017, 07:00 AM

Filed Under: Industry News

Crestmark secured a total of $16,780,000 in financial solutions for 11 new clients in the first half of April.

On April 1, a $3,100,000 new lease transaction was completed with a child care provider in the midwestern U.S. The financing will be used for security equipment.
A $6,000,000 new lease transaction was completed on April 4 with a telecommunications provider in the western U.S. The financing will be used for technology equipment.
On April 6, a $350,000 accounts receivable purchase facility was provided to a trucking company in Tennessee. The financing will be used for working capital purposes.
A $250,000 traditional factoring facility was provided on April 7 to a men’s footwear and apparel company in North Carolina. The financing will be used for working capital purposes
On April 10, a $750,000 traditional factoring facility was provided to a distributor of men’s apparel in New York. The financing will be used to pay off an existing lender and for working capital purposes.
A $500,000 accounts receivable purchase facility was provided on April 10 to a service provider for the oil and gas industry in Ohio. The financing will be used for working capital purposes.
On April 11, a $250,000 accounts receivable purchase facility was provided to a trucking company in California. The financing will be used for working capital purposes.
A $100,000 accounts receivable purchase facility was provided on April 11 to a trucking company in Alabama. The financing will be used for working capital purposes.
On April 11, a $400,000 accounts receivable purchase facility was provided to a trucking company in Missouri. The financing will be used for working capital purposes.
A $5,000,000 ledgered line of credit facility was provided on April 11 to a manufacturer of cosmetics and pharmaceutical products in New Jersey. The financing will be used to pay off an existing lender and for working capital purposes.
On April 12, an $80,000 accounts receivable purchase facility was provided to a trucking company in Illinois. The financing will be used for working capital purposes.