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Crestmark Provides $6.5MM in ABL Financings for Five New Clients in 1H November

Date: Nov 19, 2020 @ 08:00 AM
Filed Under: Industry News

Crestmark secured a total of $6,050,000 in ABL financial solutions for five new clients in the first half of November.

  • On Nov. 4, a $750,000 ledgered line of credit facility was provided to a healthcare services provider in Utah. The financing will be used for working capital purposes.
  • A $150,000 accounts receivable purchase facility was provided to a cargo transport company in Texas on Nov. 4. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Nov. 5, a $1,000,000 accounts receivable purchase facility was provided to a refrigerated transportation company in California. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $150,000 accounts receivable purchase facility was provided to a flatbed intrastate trucking company in Georgia on Nov. 10. The financing will be used for working capital purposes.
  • On Nov. 10, a $4,000,000 ledgered line of credit facility was provided to a natural stone supplier in Oklahoma. The financing will be used for working capital purposes.

 

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