Crestmark secured a total of $21,050,000 in financial solutions for six new clients in the second half of October. The transactions inlcude:

• On October 18, a $4 million asset-based lending facility was provided to a Maryland commercial printer.
• A $5 million asset-based lending facility was also provided on October 18 to a Florida water pump manufacturer.
• Also on October 18, a $750,000 ledgered line of credit facility was provided to a New York secondary food distributor.
• On October 23, a $2.3 million asset-based lending facility with advances on accounts receivable and an equipment and machinery term component was provided to a Texas wireless network solutions provider. Funding will be used to pay off the prior lender and provide working capital.
• A  $5 million ledgered line of credit facility was provided on October 24 to a Virginia fuel broker.
• On October 31, a $4 million asset-based lending facility with advances on accounts receivable and inventory was provided to a Texas surfaces fabricator. Funding will be used to pay off the 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.