Crestmark announced it closed three recent deals totaling nearly $3.75 million in the first half of June. The deals are:
- On June 3, a $1.5 million traditional factoring facility was provided to a California manufacturer and distributor of women’s footwear.
- A $1.5 million accounts receivable purchase facility was provided on June 9 to a staffing company located in Georgia.
- On June 10, a $750,000 traditional factoring facility was provided to Florida distributor of consumer products.
Crestmark is a nationally known and respected FDIC-insured bank that provides innovative financial solutions for small- to medium-sized businesses. Financing solutions include asset-based lending, accounts receivable financing, lines of credit, factoring and machinery/equipment financing.