Crestmark secured a total of $17,008,000 in financial solutions for 13 new clients in the second half of July. The transactions are:

• On July 17, a $250,000 accounts receivable purchase facility was provided to a trucking company in Georgia. The financing will be used for working capital purposes.
• A $3 million asset-based line of credit was provided on July 17th to an apparel manufacturer in Ohio. The financing will be used to finance new customers and enable growth.
• On July 20, a $250,000 accounts receivable purchase facility was provided to a startup trucking company in Kentucky. The financing will be used for working capital purposes.
• A $1 million ledgered line of credit was provided on July 21st to an importer of manufacturing materials in Pennsylvania. The financing will be used to pay off a previous lender and for working capital purposes.
• A $2 million sale leaseback was provided on July 23rd to a technology manufacturer in Texas. The financing will be used to pay off previous lender and for working capital purposes.
• On July 24, a $250,000 accounts receivable purchase facility was provided to a trucking company in Ontario, Canada. The financing will be used for working capital purposes.
• A $2.75 million asset-based line of credit based on receivables and inventory was provided on July 24th to a tool and die manufacturer in Michigan. The financing will be used for asset acquisition and working capital purposes.
• On July 28, traditional factoring facility was provided to an apparel wholesaler in Florida. The financing will be used to pay off previous lender and provide working capital.
• A $250,000 traditional factoring facility was provided on July 28th to an apparel wholesaler in New York. The financing will be used to provide working capital.
• On July 30, a $250,000 accounts receivable purchase facility was provided to a start-up trucking company in Illinois. The financing will be used for working capital purposes.
• A $2.614 million SBA term loan facility was provided on July 30th to a California insurance agency. The financing will be used for acquisition purposes.
• A $1.385 million SBA term loan facility was provided on July 31st to a Florida insurance agency. The financing will be used for acquisition purposes.
• On July 31, $3.37 million in a ledgered line of credit, inventory line, and equipment term loan was provided to a plastic injection molding services provider in Illinois. The financing will be used to pay off a previous lender.

Crestmark is an 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.