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Crestmark Closes Three Recent Transactions Totaling $2.5MM

March 19, 2014, 07:46 AM

Crestmark secured a total of $2.5 million in financial solutions for three new clients in first two weeks of March. The transactions are:

  • On March 7 a $500,000 accounts receivable purchase facility was provided to an oilfield services and trucking company in Texas.
  • A $500,000 ledgered line of credit was provided on March 12 to a North Carolina provider of training and support services.
  • On March 13, a $1.5 million asset-based lending facility was provided to a Michigan designer of specialty vehicles. The funds will be used for working capital purposes.

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 machinery/equipment financing.

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