In the first half of November 2018, Crestmark secured a total of $3.55 million in ABL financial solutions for six new clients; provided $12.095622 million in four new lease transactions; provided $6.7 million in 75 new lease transactions; and provided $900,000 in financing for one new Government Guaranteed Lending client.

Those transactions included:

In the ABL division:

• $150,000 A/R purchase facility to a startup trucking company in Montana for working capital purposes
• $2.5 million ledgered line of credit to a heavy equipment company that services the oil and gas industry in Texas to pay off an existing lender and for working capital purposes
• $300,000 A/R purchase facility to a trucking company in Ohio for working capital purposes
• $200,000 A/R purchase facility to a startup trucking company in Oklahoma for working capital purposes
• $250,000 A/R purchase facility to a trucking company in Louisiana for working capital purposes
• $150,000 A/R purchase facility to trucking company in Illinois for working capital purposes

In the Equipment Finance division:

• $2.505967 million new lease transaction for a pharmaceutical company in the northeastern U.S. for software
• $7.195743 million new lease transaction for an oil and gas services company in the midwestern U.S. for capital equipment
• $942,214 new lease transaction for an oil and gas services company in the eastern U.S. for capital equipment
• $1.451698 million new lease transaction for a Fortune 500 company in the midwestern U.S. for IT equipment

In the Government Guaranteed Lending division:

• $900,000 term loan to an investment advisory firm in New Hampshire for acquisition purposes

Crestmark Vendor Finance also funded $6.7 million in 75 transactions.