Crestmark Closes $38.1MM in 22 Transactions in H2/June

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

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• $1.81 million term loan to a financial services franchise in South Carolina for acquisition purposes

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• $937,965 new lease transaction with a property management company in the Eastern U.S. for capital equipment

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• $450,000 A/R purchase facility to a trucking company in Arkansas to pay off an existing lender and for working capital purposes

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• $200,000 A/R purchase facility to a trucking company in Arizona for working capital purposes

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

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• $4 million asset-based line of credit to a wireless network service provider in Michigan for working capital purposes

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• $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

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• Two $602,448 new lease transactions with a manufacturing company in the Western U.S. for capital equipment

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• $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

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• $400,000 A/R purchase facility to a startup trucking company in Missouri for working capital purposes

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• $4.88 million new lease transaction with a commercial cleaning services provider in the Eastern U.S. for capital equipment

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• $4.2 million new lease transaction with a flooring manufacturer in the Eastern U.S. for capital equipment

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• $539,327 new lease transaction with an investment management company in the Eastern U.S. for IT equipment

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

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• $250,000 A/R purchase facility to a trucking company in Kentucky for working capital purposes

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• $800,000 A/R purchase facility to a trucking company in Ontario for working capital purposes

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• $75,000 A/R purchase facility to a trucking company in Tennessee for working capital purposes

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• $2.465 million term loan to an independent wealth management firm in Texas to pay off an existing lender

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• $3 million ledgered line of credit to a sheet metal fabricator in Wisconsin to pay off an existing lender and for acquisition purposes

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• $4.473072 million term loan to an IT networking services provider in California for capital equipment

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