FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Crestmark Provides $6.5MM in ABL Financings for Five New Clients in 1H November

November 19, 2020, 08:00 AM
Filed Under: Industry News

Crestmark secured a total of $6,050,000 in ABL financial solutions for five new clients in the first half of November.

  • On Nov. 4, a $750,000 ledgered line of credit facility was provided to a healthcare services provider in Utah. The financing will be used for working capital purposes.
  • A $150,000 accounts receivable purchase facility was provided to a cargo transport company in Texas on Nov. 4. The financing will be used to pay off an existing lender and for working capital purposes.
  • On Nov. 5, a $1,000,000 accounts receivable purchase facility was provided to a refrigerated transportation company in California. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $150,000 accounts receivable purchase facility was provided to a flatbed intrastate trucking company in Georgia on Nov. 10. The financing will be used for working capital purposes.
  • On Nov. 10, a $4,000,000 ledgered line of credit facility was provided to a natural stone supplier in Oklahoma. The financing will be used for working capital purposes.

 





Week's News



Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.