Crestmark announced that it closed eitght transactions totaling more than $14 million in the first half of November. The transactions are:

• A $2.5 million accounts receivable purchase facility was provided on November 3 to a manufacturer of foam products in Rhode Island to pay off a previous lender.
• On November 3, a $750,000 traditional factoring facility was provided to an importer and distributor of consumer goods in Texas for working capital purposes.
• A $350,000 accounts receivable purchase facility was provided on November 4 to a Tennessee software and hardware company for working capital purposes.
• On November 5, a $1 million accounts receivable purchase facility was provided to a Florida wood products manufacturer.
• A $66,188 term loan was provided on November 5 to an oilfield services provider in Texas for working capital purposes.
• On November 10, a $5 million asset-based line of credit was provided to a machinery and automotive parts manufacturer in Michigan to pay off a previous lender.
• A $2 million traditional factoring facility was provided on November 13 to a mattress manufacturer in Texas for working capital purposes.
• On November 14, a $2.5 million accounts receivable purchase facility was provided to an aerospace tooling manufacturer in California for working capital purposes.

Crestmark is a respected FDIC-insured bank that provides innovative financial solutions for businesses nationwide. Financing solutions include asset-based lending, accounts receivable financing, lines of credit, term loans, factoring, machinery/equipment financing and equipment leasing.