Crestmark secured a total of $38.11 million in financial solutions in 22 transactions for 21 new clients in the second half of June 2018.
Those transactions included:
- $2.5 million ledgered line of credit to a digital production services provider in California for working capital purposes
- $1.81 million term loan to a financial services franchise in South Carolina for acquisition purposes
- $937,965 new lease transaction with a property management company in the Eastern U.S. for capital equipment
- $450,000 A/R purchase facility to a trucking company in Arkansas to pay off an existing lender and for working capital purposes
- $200,000 A/R purchase facility to a trucking company in Arizona for working capital purposes
- $150,000 A/R purchase facility to a startup trucking company in Maryland for working capital purposes
- $4 million asset-based line of credit to a wireless network service provider in Michigan for working capital purposes
- $2.5 million ledgered line of credit to a distributor of alloys to the oil and gas industry in Texas to pay off an existing lender and for working capital purposes
- Two $602,448 new lease transactions with a manufacturing company in the Western U.S. for capital equipment
- $3.171 million USDA Rural Energy for America Program (REAP) loan to a solar developer in Florida to convert a Power Purchase Agreement (PPA) into permanent debt for a 25-year term and to install a 9.3 MW DC utility-scale solar far
- $400,000 A/R purchase facility to a startup trucking company in Missouri for working capital purposes
- $4.88 million new lease transaction with a commercial cleaning services provider in the Eastern U.S. for capital equipment
- $4.2 million new lease transaction with a flooring manufacturer in the Eastern U.S. for capital equipment
- $539,327 new lease transaction with an investment management company in the Eastern U.S. for IT equipment
- $100,000 A/R purchase facility to a startup trucking company in Georgia for working capital purposes
- $250,000 A/R purchase facility to a trucking company in Kentucky for working capital purposes
- $800,000 A/R purchase facility to a trucking company in Ontario for working capital purposes
- $75,000 A/R purchase facility to a trucking company in Tennessee for working capital purposes
- $2.465 million term loan to an independent wealth management firm in Texas to pay off an existing lender
- $3 million ledgered line of credit to a sheet metal fabricator in Wisconsin to pay off an existing lender and for acquisition purposes
- $4.473072 million term loan to an IT networking services provider in California for capital equipment