Crestmark secured a total of $14.593 million in financial solutions for 11 new clients in the first half of March. They are:

• A $400,000 accounts receivable purchase facility was provided on March 1 to a startup trucking company in Michigan. The financing will be used for working capital purposes.
• On March 1, a $2 million edgered line of credit facility was provided to a data management company in Illinois. The financing will be used to pay off a previous lender and for working capital purposes.
• A $500,000 traditional factoring facility was provided on March 2 to a wholesaler of men’s and children’s apparel in New York. The financing will be used to pay off a previous lender and for working capital purposes.
• On March 2, a $3.675 million SBA 7(a) term loan facility was provided to an independent insurance agency in Florida. The financing will be used for acquisition and expansion purposes. 
• A $2 mllion ledgered line of credit facility was provided on March 4 to a manufacturer and distributor of diabetic testing supplies in Tennessee. The financing will be used for working capital purposes.
• On March 4, a $1 million traditional factoring facility was provided to a manufacturer of electric bicycles in Florida. The financing will be used for working capital purposes.
• A $3.5 million ledgered line of credit facility was provided on March 4 to a high-performance floor manufacturer in Washington. The financing will be used to pay off a previous lender and for working capital purposes.
• On March 7, a $520,000 term loan facility was provided to an independent insurance agency in California. The financing will be used for acquisition purposes.
• A $400,000 accounts receivable purchase facility was provided on March 9 to a startup trucking company in Illinois. The financing will be used to for working capital purposes.
• On March 9, a $250,000 accounts receivable purchase facility was provided to a trucking company in British Columbia. The financing will be used for working capital purposes.
• A $348,000 SBA 7(a) term loan facility was provided on March 9 to an independent insurance agency in Michigan. The financing will be used for acquisition purposes.

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. Crestmark has extensive experience in helping many industries including transportation, manufacturing, staffing, petrochemical, government contractors, apparel/footwear/furniture distribution/manufacturing, hospitality/hotels, insurance agencies, and technology hardware/software. Headquartered in Michigan, with additional offices in California, Florida, Louisiana, Tennessee, New York, and Illinois; and representatives nationwide.