Crestmark secured a total of $20.125 million in financial solutions for 12 new clients in the second half of December. The transactions are:

• A $200,000 accounts receivable purchase facility was provided on Dec. 18 to a startup refrigerated carrier in Florida. The financing will be used for working capital purposes.
• On Dec. 21, a $1.5 million accounts receivable purchase facility was provided to a staffing company in California. The financing will be used for working capital purposes.
• A $4.5 million ledgered line of credit was provided on Dec. 23 to a government contractor in Virginia. The financing will be used to pay off an existing lender and for working capital purposes. 
• On Dec. 28, a $1.6 million asset-based line of credit facility was provided to a commercial tire wholesaler in Indiana. The financing will be used for working capital purposes.
• A $1.3 million traditional factoring facility was provided on Dec. 28 to a men’s apparel wholesaler in New York. The financing will be used to pay off an existing lender and for working capital purposes.
• On Dec. 29, a $4 million asset-based line of credit facility was provided to a manufacturer of high quality wood and laminated products in Michigan. The financing will be used to pay off an existing lender and for working capital purposes.
• A $2 million ledgered line of credit was provided on Dec. 30 to a maintenance supplier in the oil and gas industry in Texas. The financing will be used to pay off an existing lender and for working capital purposes. 
• On Dec. 31, a $250,000 traditional factoring facility was provided to a women’s apparel manufacturer in Massachusetts. The financing will be used for working capital purposes.
• A $3 million ledgered line of credit was provided on Dec. 31 to an agriculture and construction equipment manufacturer in Nebraska. The financing will be used to pay off an existing lender and for working capital purposes. 
• On Dec. 31, a $375,000 traditional factoring facility was provided to a distributor of decorative home furnishings in Utah. The financing will be used for working capital purposes.
• A $375,000 traditional factoring facility was provided on Dec. 31 to a furniture distributor in Utah. The financing will be used for working capital purposes.
• On Dec. 31, a $1.025 million SBA 7(a) term loan facility was provided to an independent insurance agency in Florida. The financing will be used for acquisition 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. Headquartered in Michigan, with additional offices in California, Florida, Louisiana, Tennessee, New York, and Illinois; and representatives nationwide.