Crestmark announced it closed six transactions totaling more than $3 million in the first two weeks of April. They are:
- On April 5, a $150,000 accounts receivable purchase facility was provided to a Kentucky start-up trucking operation hauling general dry freight primarily in the southern states.
- A $500,000 ledgered line of credit facility was provided on April 10 to a Michigan broker and distributor of steel.
- Also on April 10, a $750,000 ledgered line of credit facility was provided to an Alabama medical staffing company. Financing will be used to pay off debts and provide working capital.
- On April 11, a $600,000 ledgered line of credit facility with advances on accounts receivable was provided to an Ohio manufacturer of sublimation printing.
- A $300,000 accounts receivable purchase facility was provided on April 12 to a California company that assists car rental agencies dispose of their fleets.
- On April 15, a $750,000 ledgered line of credit facility was provided to a South Carolina staffing company.
Crestmark is a nationally known and respected FDIC-insured bank that provides innovative financial solutions for small- to medium-sized businesses.