Crestmark secured a total of $3.7 million in financial solutions for four new clients in the first two weeks of August.

• On August 8, a $1.5 million ledgered line of credit facility was provided to an Oklahoma oil and gas well services company. Funding will be used to provide working capital.
• A $250,000 accounts receivable purchase facility was provided on August 12 to a Kentucky transportation company. Funding will be used to provide working capital.
• On August 15, a $750,000 ledgered line of credit facility was provided to a Michigan automotive services company.
• A $1.2 million asset-based lending facility was also provided on August 15 to a California manufacturing company. Financing will be used to pay off a prior lender and provide working capital.

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