Crestmark Tops $48.4MM in Financing to 93 Businesses in H2 December

Crestmark secured a total of $2 million in ABL financial solutions for six new clients; Crestmark Equipment Finance provided $25,940,291 in 14 new lease transactions; Crestmark Vendor Finance provided $8,260,005 in 77 new lease transactions; and the Joint Ventures Division provided $12,250,000 in financing for one new client in the second half of December.

Brief highlights of the transactions are below:

Asset-Based Lending

• $250,000 accounts receivable purchase facility to a trucking company in California for working capital purposes.

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• $200,000 accounts receivable purchase facility to a startup trucking company in California for working capital purposes.

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• $150,000 accounts receivable purchase facility to a trucking company in Florida for working capital purposes.

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• $1 million accounts receivable purchase facility to a startup staffing company in Michigan for working capital purposes

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• $100,000 accounts receivable purchase facility to a trucking company in Iowa for working capital purposes

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• $300,000 accounts receivable purchase facility to a trucking company in California for working capital purposes

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Equipment Finance Lease Transactions

• $952,525 with a manufacturer of building products in the southern U.S. for capital equipment

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• $7 million with a producer of wholesale fuel in the northwestern U.S. for capital equipment

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• $7,879,913 for two new lease transactions with a producer of industrial sand in the southern U.S. for capital equipment

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• $1,535,856 for two new lease transactions with a fitness club in the northeastern U.S. for capital equipment

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• $954,699 with a rental services company in the southeastern U.S. for capital equipment

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• $982,551 with a fitness club in the southwestern U.S for capital equipment

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• Three new lease transactions totaling $1,872,350 with a provider of infrastructure services in the northeastern U.S. for transportation equipment

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• $2,483,381 with a food manufacturer in the midwestern U.S. for software

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• $1,749,353 with a cosmetics company in the northeastern U.S. The financing will be used for capital equipment.

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• $529,663 with a staffing company in the northeastern U.S. for leasehold improvements

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Crestmark Vendor Finance

Funded $8.26 million in 77 new lease transactions for 76 clients including:

• A new equipment finance transaction with an audio-visual company in the Southeastern U.S. for capital equipment

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• A new equipment finance agreement with a trucking company in the Western U.S. for transportation equipment

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• A new equipment finance agreement with a farm in the Southeastern U.S. for heavy equipment

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• A new equipment finance transaction with a coffee company in the Midwestern U.S. for capital equipment

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Joint Ventures :

• $12.25 million operating lease transaction with a solar developer in Arizona for a 7.18 MW DC solar farm in North Carolina, which has a utility as the offtaker

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