Crestmark secured a total of $15.25 million in financial solutions for eight new clients since May 15.

• On May 16, a $4  million accounts receivable purchase facility was provided to a Colorado medical staffing agency.
• On May 17, a $200,000 accounts receivable purchase facility was provided to a California freight broker. Funding will be used to provide working capital.
• A $750,000 accounts receivable purchase facility was provided on May 22 to a Florida food wholesaler.
• On May 23, a $4.5 million asset-based lending facility with advances on accounts receivable and inventory was provided to a California furniture manufacturer and distributor.
• Also on May 23, a $200,000 ledgered line of credit facility was provided to a North Carolina manufacturer and distributor of cleaning products.
• A $1.5 million ledgered line of credit facility and a $350,000 term loan facility were provided on May 24 to a North Carolina trucking company. Funding will be used to provide working capital.
• On May 31, a $3 million asset-based lending facility with advances on accounts receivable was provided to an Illinois collection agency.
• Also on May 31, a $750,000 accounts receivable purchase facility was provided to a Tennessee trucking company hauling expedited freight in the Midwest.

Crestmark is a nationally known and respected FDIC-insured bank that provides innovative financial solutions for small- to medium-sized businesses.