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Crestmark Closes Five Deals Totaling Over $9MM in Final Weeks of May

June 06, 2014, 07:26 AM

Crestmark secured a total of $9.275MM in financial solutions for five new clients in the second half of May. The transactions include:

  • On May 21, a $7.2 million asset-based lending facility was provided to a staffing company in Texas.
  • A $300,000 accounts receivable purchase facility was provided on May 21 to a start-up trucking company in Kentucky.
  • On May 22, a $775,000 ledgered line of credit was provided to an Illinois manufacturer of presentation and packaging materials.
  • A $500,000 ledgered line of credit was provided on May 29 to a provider of communications/cable installation services in Michigan.
  • On May 30, a $500,000 traditional factoring facility was provided to a New York importer of men’s sportswear and denim.

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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