Crestmark Tops $67.5MM in Financing in H2/September

Crestmark provided more than $67.5 million in financing for 69 clients in the second half of September 2018.

Those transactions included:

In Crestmark’s ABL division:

$150,000 A/R purchase facility to a trucking company in Texas for working capital purposes

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$500,000 A/R purchase facility to a technology consulting company in Kansas to pay off an existing lender and for working capital purposes

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$150,000 A/R purchase facility to a trucking company in Maryland for working capital purposes

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$2.5 million ledgered line of credit to a trucking company in Louisiana to pay off an existing lender and for working capital purposes

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$150,000 A/R purchase facility to a trucking company in Texas for working capital purposes

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$100,000 A/R purchase facility to a trucking company in Florida for working capital purposes

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$15 million asset-based line of credit to a manufacturer of steel products in South Dakota to to pay off an existing lender and for working capital purposes

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$3.5 million asset-based line of credit to a manufacturer and distributor of steel products for the oil and gas industry to pay off an existing lender and for working capital purposes

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In Crestmark Equipment Finance:

$760,043 new lease transaction for a fitness club in the northeastern U.S. for capital equipment

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$529,913 new lease transaction for a metal forming company in the mid-western U.S. for IT equipment

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In Crestmark Vendor Finance:

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In the Government Guaranteed Lending division:

$810,000 term loan to an independent insurance agency in Florida to pay off an existing lender, and for acquisition and working capital purposes

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$3.835 million term loan to an investment advisory firm in California to pay off an existing lender

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$730,000 SBA 7(a) term loan to a startup fitness club in Florida for working capital purposes

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$782,000 SBA 7(a) term loan to a soap manufacturer and distributor in North Carolina to pay off an existing lender and for working capital purposes

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$125,000 SBA 7(a) term loan to a food wholesaler in North Carolina for working capital purposes

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$3.865682 million solar construction term loan to a solar energy provider in South Carolina to construct a 2.99 MW DC utility-scale solar farm

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$7.3 million solar construction term loan to a solar energy provider in Colorado to complete construction of a 5.6 MW DC utility-scale solar farm

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$3.363044 solar construction term loan to a solar energy provider in North Carolina to complete construction of a 2.8 MW DC utility-scale solar farm

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$12.599251 million solar construction term loan to a solar energy provider in South Carolina to complete the construction of a 10.47 MW DC utility-scale solar farm

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$1.689006 million solar construction term loan to a solar energy provider in North Carolina to complete construction of a 1.45 MW DC utility-scale solar farm