Crestmark secured a total of $43.4 million in financial solutions for 23 new clients in the first half of October. Outlined below are brief descriptions of the transactions:

  • $4.3 million new lease transaction with a golf course management company in the western U.S. to acquire equipment
  • $6.7 million new lease transaction with an automotive company in the midwestern U.S. for hardware and software
  • $710,000 SBA 7(a) term loan facility to an independent insurance agency in Georgia for acquisition and for working capital
  • $100,000 A/R purchase facility to a trucking company in Arkansas for working capital
  • $100,000 A/R purchase facility to a trucking company in Florida for working capital
  • $400,000 A/R purchase facility to a trucking company in Georgia for working capital
  • $1.1 million SBA 7(a) term loan facility to a resort management company in Florida for acquisition and working capital purposes
  • $100,000 A/R purchase facility to a trucking company in Georgia for working capital
  • $1.5 million ledgered line of credit facility and a $718,500 term loan to a machine parts manufacturer in New York for equipment financing and for working capital
  • $100,000 A/R purchase facility to a trucking company in Texas for working capital
  • $4 million A/R purchase facility to a trucking company in Illinois for working capital
  • $70,000 SBA 7(a) term loan facility to an independent insurance agency in Ohio for acquisition purposes
  • $2 million A/R purchase facility to a trucking company in Texas to pay off an existing lender and for working capital
  • $17 million new lease transaction for an automotive supplier in the midwestern U.S. for capital equipment
  • $120,000 A/R purchase facility to a trucking company in Arizona for working capital
  • $100,000 A/R purchase facility to a trucking company in Florida will be used for working capital
  • $350,000 A/R purchase facility to a trucking company in Colorado for working capital
  • $100,000 A/R purchase facility to a startup freight brokerage in Arkansas for working capital
  • $200,000 A/R purchase facility to a trucking company in Texas for working capital
  • $3 million A/R purchase facility to a biomedical services provider in New Jersey to pay off an existing lender and for working capita
  • $250,000 A/R purchase facility to a trucking company in California for working capital
  • $150,000 A/R purchase facility to a trucking company in Texas for working capital
  • $200,000 A/R purchase facility to a trucking company in California working capital