Crestmark secured a total of $4.635 million in financial solutions for 11 new clients in the first half of June. They are:

• A $350,000 accounts receivable purchase facility was provided on June 2 to a trucking company in Florida. The financing will be used to pay off an existing lender and for working capital purposes.
• On June 3, a $450,000 SBA 7(a) term loan facility was provided to an independent insurance agency in Nevada. The financing will be used for acquisition purposes.
• A $150,000 accounts receivable purchase facility was provided on June 6 to a startup trucking company in Georgia. The financing will be used for working capital purposes.
• On June 7, a $250,000 accounts receivable purchase facility was provided to a trucking company in California. The financing will be used for working capital purposes.
• A $500,000 accounts receivable purchase facility was provided on June 8 to an importer of promotional merchandise in California. The financing will be used to pay off an existing lender and for working capital purposes.
• On June 9, a $500,000 accounts receivable purchase facility was provided to a broadcasting network provider in New Jersey. The financing will be used for working capital purposes. 
• A $75,000 accounts receivable purchase facility was provided on June 10 to a trucking company in Florida. The financing will be used for working capital purposes.
• On June 10, a $250,000 accounts receivable purchase facility was provided to a trucking company in Indiana. The financing will be used for working capital purposes.
• On June 14, a $760,000 SBA 7(a) term loan facility was provided to an independent insurance agency in Texas. The financing will be used for acquisition and working capital purposes.
• A $150,000 accounts receivable purchase facility was provided on June 15 to a trucking company in Florida. The financing will be used for working capital purposes.
• A $1.2 million ledgered line of credit facility was provided on June 10 to a metal stamp manufacturer in Missouri. The financing will be used for working capital 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.