Crestmark secured a total of $5.5 million in financial solutions for six new clients in the second half of June. The transactions include:

• On June 16, a $2,500,000 ledgered line of credit was provided to a paving company in Virginia. The funds will be used to pay off an existing lender and accommodate growth.
• A $500,000 ledgered line of credit was provided on June 19 to a Michigan manufacturer of conveyor components for working capital purposes.
• On June 24, a $1,000,000 ledgered line of credit was provided to an Illinois bulk mail fulfillment company.
• A $750,000 ledgered line of credit was provided on June 26 to a staffing company located in Michigan, which will be used for additional working capital.
• On June 26, a $500,000 accounts receivable purchase facility was provided to a Minnesota distributor of alternative energy products.  The funds will be used to pay off existing lenders and for working capital.
• A $300,000 accounts receivable purchase facility was provided on June 30 to a start-up trucking company located in Kentucky.

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.