Crestmark secured a total of $10.55 million financial solutions for nine new clients in the first half of August.

• On August 4, a $2 million ledgered line of credit was provided to an outdoor apparel manufacturer in Rhode Island. The funds will be used to pay off an existing lender and as working capital.
• A $250,000 accounts receivable purchase facility was provided on August 4 to a pharmaceutical courier located in Indiana for working capital purposes.
• On August 6, a $600,000 accounts receivable purchase facility was provided to an Illinois trucking company to provide working capital for startup.
• A $750,000 traditional factoring facility was provided on August 6 to a New York apparel distributor for working capital purposes.
• On August 7, a $3 million ledgered line of credit was provided to a Texas distributor of frozen vegetables.  The funds will be used for working capital.
• A $600,000 accounts receivable purchase facility was provided on August 7 to a trucking company located in Kansas to pay off a previous lender and to provide working capital.
• On August 11, a $2.5 million traditional factoring facility was provided to a distributor of consumer products located in North Carolina.
• A $250,000 traditional factoring facility was provided on August 12 to a women’s apparel distributor in New York.
• On August 14, a $600,000 accounts receivable purchase facility was provided to a frac hauler in Texas for working capital purposes.

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