TROY, Mich., (March 6, 2018) – Crestmark secured a total of $17,700,000 in financial solutions for 17 new clients in the second half of February.
- On Feb. 16, a $2,000,000 accounts receivable purchase facility was provided to a trucking company in Oregon. The financing will be used to pay off an existing lender and for working capital purposes.
- A $1,000,000 ledgered line of credit facility was provided to a distributor of HVAC components in Massachusetts on Feb. 16. The financing will be used for working capital purposes.
- On Feb. 16, a $500,000 accounts receivable purchase facility was provided to a trucking company in Tennessee. The financing will be used for working capital purposes.
- A $100,000 accounts receivable purchase facility was provided to a startup trucking company in Wyoming on Feb. 16. The financing will be used for working capital purposes.
- On Feb. 16, a $2,900,000 new lease transaction was completed with a software company in the western U.S. The financing will be used for IT equipment.
- A $2,350,000 USDA REAP loan facility was provided to a solar developer in Texas on Feb. 20. The financing will be used for the acquisition of a 7.09MW solar array in Texas, which has an energy retailer as the offtaker.
- On Feb. 20, a $400,000 accounts receivable purchase facility was provided to a trucking company in Georgia. The financing will be used for working capital purposes.
- A $150,000 accounts receivable purchase facility was provided to a trucking company in Minnesota on Feb. 20. The financing will be used for working capital purposes.
- On Feb. 20, a $1,100,000 new lease transaction was completed with an energy management company in the midwestern U.S. The financing will be used for IT equipment.
- A $4,800,000 new lease transaction was completed with an apparel retailer in the eastern U.S. on Feb. 20. The financing will be used for robotic equipment.
- On Feb. 22, a $250,000 traditional factoring facility was provided to a distributor of men’s, women’s and children’s apparel in Florida. The financing will be used for working capital purposes.
- A $150,000 accounts receivable purchase facility was provided to a trucking company in New Jersey on Feb. 23. The financing will be used for working capital purposes.
- On Feb. 23, a $100,000 accounts receivable purchase facility was provided to a trucking company in Nevada. The financing will be used to pay off an existing lender and for working capital purposes.
- A $300,000 accounts receivable purchase facility was provided to a trucking company in Alabama on Feb. 23. The financing will be used for working capital purposes.
- On Feb. 28, a $100,000 accounts receivable purchase facility was provided to a trucking company in West Virginia. The financing will be used for working capital purposes.
- A $500,000 ledgered line of credit facility was provided to a startup staffing company in Michigan on Feb. 28. The financing will be used for working capital purposes.
- On Feb. 28, a $1,000,000 accounts receivable purchase facility was provided to a trucking company in Wisconsin. The financing will be used to pay off an existing lender and for working capital purposes.