Crestmark secured a total of $12,530,000 in financial solutions for eight new clients in the first half of July.

• On June 30, a traditional factoring facility was provided to an urban/streetwear clothing importer in New Jersey. The financing will be used for working capital purposes.

• A $1,450,000 term loan was provided on June 30th to an insurance agency in Texas. The financing will be used for acquisition purposes.

• On July 1, $2,000,000 asset-based line of credit was provided to a non-recourse factoring company in New York. The financing will be used to finance new customers and enable growth.

• On July 2, a $7,500,000 ledgered line of credit was provided to a professional leadership and shared services company in Texas.  The financing will be used for working capital purposes.

• A $430,000 term loan was provided on July 8th to an independent insurance agency in California. The financing will be used for acquisition purposes.

• On July 10, a $500,000 accounts receivable purchase facility was provided to a trucking company in Illinois. The financing will be used for working capital purposes.

• A $150,000 accounts receivable purchase facility was provided on July 10th to a trucking company in Illinois. The financing will be used to pay off previous lender and working capital purposes.

• On July 14, a $500,000 accounts receivable purchase facility was provided to a startup trucking company in Texas. The financing will be used for working capital purposes.