Crestmark secured a total of $5,800,000 in financial solutions for five new clients in December.

• On December 10, a traditional factoring facility was provided to an importer and distributor of bicycles and accessories located in North Carolina.
• A $300,000 accounts receivable purchase facility was provided on December 17 to provide working capital for a start-up trucking company in Kentucky.
• On December 20, a $500,000 accounts receivable purchase facility was provided to a Texas provider of oil and gas well services.
• A $500,000 traditional factoring facility was provided on December 26 to a designer and distributor of fashion accessories in Arizona.
• On December 31, a $4,000,000 asset based lending facility was provided to a Florida manufacturer of construction products.

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