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Crestmark Closes Four Transactions in January 2014

February 06, 2014, 07:11 AM

Crestmark secured a total of $7.55 million in financial solutions for four new clients in January.

  • On January 3, a $400,000 equipment term loan was provided to a Texas manufacturer of cable trays and support systems for the purchase of new equipment.
  • A $2,015,000 ledgered line of credit was provided on January 6 to a staffing company with outlets across the country.
  • On January 10, a $2,500,000 ledgered line of credit facility was provided to a Texas trucking company supporting oil and gas well services.  The funds will be used to pay off prior lender and provide working capital.
  • A $2,500,000 traditional factoring facility was provided on January 30 to a designer and importer of small appliances in Florida.

Crestmark is a nationally known and respected FDIC-insured bank that provides innovative financial solutions for small- to medium-sized businesses. Financing solutions include asset-based lending, accounts receivable financing, lines of credit, factoring and equipment financing.

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