TROY, Mich., (June 20, 2018) – Crestmark secured a total of $25,274,400 in financial solutions for 18 new clients in the first half of June.
- On June 1, a $1,500,000 accounts receivable purchase facility was provided to a trucking company in Michigan. The financing will be used to pay off an existing lender and for working capital purposes.
- A $750,000 accounts receivable purchase facility was provided to a food supplier in California on June 1. The financing will be used to pay off an existing lender and for working capital purposes.
- On June 5, a $150,000 accounts receivable purchase facility was provided to a trucking company in Oregon. The financing will be used for working capital purposes.
- A $2,500,000 asset-based line of credit facility was provided to a distributor of home goods in Ontario, Canada on June 6. The financing will be used to pay off an existing lender and for working capital purposes.
- On June 6, a $1,000,000 asset-based line of credit facility was provided to a distributor of home goods in New York. The financing will be used to pay off an existing lender and for working capital purposes.
- A $3,000,000 new lease transaction was completed with a fuel management company in the southern U.S. on June 6. The financing will be used for capital equipment.
- On June 7, a $100,000 accounts receivable purchase facility was provided to a trucking company in Texas. The financing will be used for working capital purposes.
- A $1,514,400 term loan facility was provided to an energy development company in California on June 7. The financing will be for acquisition purposes.
- On June 7, a $600,000 new lease transaction was completed with a managed medical services company in the southeastern U.S. The financing will be used for capital equipment.
- A $7,500,000 asset-based line of credit facility was provided to a chemical processing and manufacturing company in Texas on June 8. The financing will be used to pay off an existing lender and for working capital purposes.
- On June 8, a $100,000 accounts receivable purchase facility was provided to a trucking company in New York. The financing will be used for working capital purposes.
- A $2,510,000 term loan facility was provided to an independent wealth management firm in Ohio on June 8. The financing will be used to pay off an existing lender.
- On June 11, a $100,000 term loan facility was provided to an independent wealth management firm in Missouri. The financing will be used to pay off an existing lender.
- A $250,000 accounts receivable purchase facility was provided to a startup freight brokerage in North Carolina on June 13. The financing will be used for working capital purposes.
- On June 13, a $1,375,000 term loan facility was provided to an independent wealth management firm in Montana. The financing will be used to pay off an existing lender.
- A $200,000 accounts receivable purchase facility was provided to a startup trucking company in Texas on June 13. The financing will be used for working capital purposes.
- On June 15, a $1,925,000 term loan facility was provided to an independent wealth management firm in Washington. The financing will be used to pay off an existing lender.
- A $200,000 accounts receivable purchase facility was provided to startup trucking company in Kentucky on June 15. The financing will be used for working capital purposes.