Crestmark Closes 16 Transactions in the First Half of September

Email icon - Send a Message on ABL Advisor

September 16, 2016, 08:09 AM

Filed Under: Transaction Announcements

Crestmark secured a total of $17,945,000 in financial solutions for 16 new clients in the first half of September. The transactions are:

A $250,000 traditional factoring facility was provided on Sept. 1 to a distributor of footwear in North Carolina. The financing will be used for working capital purposes.
On Sept. 1, a $415,000 SBA 7(a) term loan facility was provided to an independent insurance agency in Florida. The financing will be used for acquisition purposes.
A $200,000 accounts receivable purchase facility was provided on Sept. 1 to a startup trucking company in North Carolina. The financing will be used for working capital purposes.
On Sept. 2, a $150,000 accounts receivable purchase facility was provided to a startup trucking company in Tennessee. The financing will be used for working capital purposes.
A $1.73 million SBA 7(a) term loan facility was provided on Sept. 6 to an independent insurance agency in North Carolina. The financing will be used to pay off an existing lender and acquisition purposes.
On Sept. 6, a $150,000 accounts receivable purchase facility was provided to a trucking company in Ohio. The financing will be used for working capital purposes.
A $2.225 million SBA 7(a) term loan facility was provided on Sept. 7 to a quality control service company in Michigan. The financing will be used for acquisition and working capital purposes.
On Sept. 8, a $750,000 ledgered line of credit facility was provided to a granite importer and distributor in New Jersey. The financing will be used to pay off an existing lender and for working capital purposes.
A $4.875 million SBA 7(a) term loan facility was provided on Sept. 9 to an independent insurance agency in Florida. The financing will be used for acquisition and working capital purposes.
On Sept. 9, a $250,000 traditional factoring facility was provided to a distributor of women’s apparel in California. The financing will be used for working capital purposes.
A $150,000 accounts receivable purchase facility was provided on Sept. 12 to a trucking company in Texas. The financing will be used for working capital purposes.
On Sept. 13, a $100,000 accounts receivable purchase facility was provided to a startup trucking company in Illinois. The financing will be used for working capital purposes.
A $2 million accounts receivable purchase facility was provided on Sept. 13 to a trucking company in Michigan. The financing will be used for working capital purposes.
On Sept. 13, a $3.75 million asset-based line of credit facility was provided to a paper and packaging distributor in Texas. The financing will be used to pay off an existing lender and working capital purposes.
A $500,000 ledgered line of credit facility was provided on Sept. 15 to a maintenance service company for the oil and gas industry in Texas. The financing will be used to pay off an existing lender and working capital purposes.
On Sept. 15, a $450,000 ledgered line of credit facility was provided to a hospitality staffing company in North Carolina. 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. Crestmark has extensive experience in helping many industries including transportation, manufacturing, staffing, petrochemical, government contractors, apparel/footwear/furniture distribution/manufacturing, hospitality/hotels, insurance agencies, and technology hardware/software.