Crestmark secured a total of $13,585,000 in ABL financial solutions for eight new clients; Crestmark Equipment Finance provided $13,412,118 in seven new lease transactions and Crestmark Vendor Finance provided $3,151,862 in 51 new lease transactions in the second half of October.

Brief details of the ABL transactions are:

• $2 million accounts receivable purchase facility to a trucking company in Arizona for working capital purposes
• $1 million ledgered line of credit to a trucking company in California to pay off an existing lender and for working capital purposes
• $400,000 accounts receivable purchase facility to a startup trucking company in California for working capital purposes
• $4 million asset-based line of credit facility to a designer and distributor of women’s shoes in Missouri to pay off an existing lender and for working capital purposes.
• $4 million accounts receivable purchase facility to an oil and gas services trucking company in Texas to pay off an existing lender and for working capital purposes
• $150,000 accounts receivable purchase facility to a trucking company in Alabama for working capital purposes.
• $35,000 accounts receivable purchase facility to a trucking company in Texas for working capital purposes
• $2 million asset-based line of credit facility to a metal processing company in Michigan to pay off an existing lender and for working capital purposes