Crestmark secured a total of $12.2 million in financial solutions for eight new clients in the month of July. The deals include:

• On July 1, a $500,000 accounts receivable purchase facility was provided to a container distributor in Indiana. The funds will be used for working capital purposes.
• A $1 million ledgered line of credit was provided on July 7 to a New York concrete distributor for working capital purposes.
• On July 10, a $2.5 million ledgered line of credit was provided to an Indiana trucking company to pay off a previous lender.
• A $5 million ledgered line of credit was provided on July 10 to a Florida manufacturer and wholesaler of high-end lighting products, which will be used for additional working capital.
• On July 18, a $777,810 SBA term loan was provided to a California-based insurance agency.  The funds will be used to pay off existing lenders and for working capital.
• A $600,000 SBA term loan was provided on July 29 to a Washington insurance company for acquisition.
• On July 30, a $1.5 million asset-based line of credit was provided to a Colorado manufacturer of environmental solutions from biomass products; the funds will be used for working capital purposes.
• A $350,000 traditional factoring facility was provided on July 30 to an importer and distributor of bedroom furniture in North Carolina.

Crestmark is a nationally known and respected FDIC-insured bank that provides innovative financial solutions for small- to medium-sized businesses. Financing solutions include asset-based lending, accounts receivable financing, lines of credit, factoring and machinery/equipment financing.