ELFA - Equipment Leasing and Finance Association - Equipping Business for Success

Crestmark Closes Six Transactions Totaling More Than $11 Million in the Second Half of February

Posted 03/02/2016

• A $400,000 accounts receivable purchase facility was provided on Feb. 18 to a trucking company in Texas. The financing will be used for working capital purposes. • On Feb. 18, a $2,000,000 traditional factoring facility was provided to a textile importer in Florida. The financing will be used for working capital purposes. • A $500,000 accounts receivable purchase facility was provided on Feb. 19 to a school bus and motor coach transportation company in Michigan. The financing will be used to pay off a previous lender and for working capital purposes. • On Feb. 25, a $500,000 traditional factoring facility was provided to a manufacturer of women’s knit apparel in New York. The financing will be used for working capital purposes. • A $750,000 ledgered line of credit facility was provided on Feb. 26 to a rope and chain sling manufacturer in Louisiana. The financing will be used to pay off a previous lender and for working capital purposes. • On Feb. 29, a $7,000,000 accounts receivable purchase facility was provided to a manufacturer of automotive acoustic systems in Michigan. The financing will be used for working capital purposes.

 

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