Crestmark secured a total of $2,650,000 in financial solutions for six new clients in the first half of April.
- A $400,000 accounts receivable purchase facility was provided on April 1 to a trucking company in Tennessee. The financing will be used for working capital purposes.
- On April 2, a $500,000 traditional factoring facility was provided to a North Carolina wholesaler of home furnishings.
- A $600,000 accounts receivable purchase facility was provided on April 3 to a trucking company in Texas. The financing will be used for working capital purposes.
- On April 3, a $500,000 accounts receivable purchase facility was provided to an automobile hauler in California. The financing will be used for working capital purposes.
- A $500,000 accounts receivable purchase facility was provided on April 8 to a trucking company in Kentucky. The financing will be used for working capital purposes.
- On April 9, a $150,000 accounts receivable purchase facility was provided to a general freight hauler in Illinois. The financing will be used for working capital purposes.