Crestmark secured a total of $22.415 million in financial solutions for 12 new clients in the second half of October.

• On Oct. 15, a $2.5 million new lease transaction was completed with a communications provider in the West.
• A $400,000 ledgered line of credit facility was provided on Oct. 18 to a tire wholesaler in Nevada. The financing will be used for working capital purposes.
• On Oct. 18, a $250,000 accounts receivable purchase facility was provided to a trucking company in Texas. The financing will be used for working capital purposes.
• A $7.6 million new lease transaction was completed on Oct. 21 with an automotive manufacturer in the Midwest.
• On Oct. 24, a $3.9 million new lease transaction was completed with a metal product manufacturer in the Midwest.
• A $400,000 ledgered line of credit facility was provided on Oct. 24 to a freight broker in Mississippi. The financing will be used to pay off an existing lender and for working capital purposes.
• On Oct. 24, a $100,000 accounts receivable purchase facility was provided to a trucking company in California. The financing will be used for working capital purposes.
• A $250,000 traditional factoring facility was provided on Oct. 27 to an apparel distributor in Florida. The financing will be used for working capital purposes.
• On Oct. 28, a $500,000 accounts receivable purchase facility was provided to a trucking company in Canada. The financing will be used for working capital purposes.
• A $150,000 accounts receivable purchase facility was provided on Oct. 28 to a trucking company in Oregon. The financing will be used for working capital purposes.
• On Oct. 31, a $3,365 million SBA 7(a) term loan facility was provided to an independent insurance agency in Georgia. The financing will be used for acquisition and for working capital purposes.
• A $3 million ledgered line of credit facility was provided on Oct. 31 to an aircraft parts distributor in Texas. The financing will be used for working capital purposes.

Crestmark is an FDIC-insured bank that provides innovative financial solutions for businesses nationwide. Financing solutions include asset-based lending, accounts receivable financing, lines of credit, term loans, factoring, machinery/equipment financing and equipment leasing.