Crestmark secured a total of $34.35 million in asset-based lending and factoring financial solutions for 23 new clients and Crestmark’s government guaranteed lending group provided $17,624,500 in financing for five new clients in July. In addition, Crestmark Equipment Finance provided $22,208,198 across 12 new transactions and Crestmark Vendor Finance provided $9,029,229 across 84 new transactions.

Asset-Based Lending and Factoring

Crestmark provided the following accounts receivable facilities:

• $5 million to an oilfield services transportation company in Texas
• $500,000 to a freight-all-kinds trucking company in Alabama
• $500,000 to a refrigerated transportation company in California
• $500,000 to a freight-all-kinds trucking company in North Carolina
• $500,000 to a refrigerated transportation company in California
• $450,000 to a freight-all-kinds trucking company in Georgia
• $350,000 to a dry van trucking company in Florida
• $300,000 to a freight-all-kinds trucking company in Texas
• $250,000 to a flatbed trucking company in Oklahoma
• $200,000 to a freight-all-kinds trucking company in Georgia
• $150,000 to a power-only trucking company in Texas
• $150,000 to a freight-all-kinds trucking company in Texas
• $150,000 to a freight-all-kinds trucking company in Texas
• $150,000 to a flatbed trucking company in Nebraska
• $150,000 to a freight-all-kinds trucking company in California
• $150,000 to a refrigerated transportation company in Michigan
• $150,000 to a flatbed trucking company in Oklahoma
• $150,000 to a freight-all-kinds trucking company in Georgia

Crestmark provided the following asset-based loan facilities:

• $7.5 million to an apparel wholesaler in California
• $6 million to a home decor manufacturer in Ohio

Crestmark provided the following ledgered line of credit facilities:

• $3.5 million, with an additional $3.1 million term loan, to a metal components manufacturer in Michigan
• $3 million to an oil and gas services company in Louisiana
• $1.5 million to a construction staffing company in Florida

Crestmark Equipment Finance Highlights

• Completed a transaction with an electrical contractor in the southern U.S. for construction equipment
• Completed a transaction with a transportation services provider in the northwestern U.S. for alternative energy equipment
• Completed a transaction with an infrastructure provider in the northeastern U.S. for construction equipment
• Completed a transaction with an energy solutions company in the eastern U.S. for construction equipment

Crestmark Vendor Finance Highlights

• Completed an equipment finance transaction with a medical company in the western U.S. for medical equipment
• Completed an equipment finance transaction with a trucking company in the southern U.S. for transport equipment
• Completed an equipment finance transaction with a trucking company in the midwestern U.S. for transportation equipment
• Completed an equipment finance transaction with an equipment rental company in the midwestern U.S. for operational equipment
• Completed an equipment finance transaction with a logistics company in the midwestern U.S. for transport equipment
• Completed an equipment finance transaction with a furniture company in the eastern U.S. for operational equipment
• Completed an equipment finance transaction with an agricultural company in the western U.S. for transport equipment
• Completed an equipment finance transaction with a medical company in the southeastern U.S. for medical equipment

Crestmark’s Government Guaranteed Lending Group

• Provided a $9.5 million construction loan to a solar developer in California
• Provided a $4.6 million construction loan to a solar developer in California
• Provided a $1.745 million term loan to a wealth management advisory firm in New York
• Provided a $1.005 million term loan to a wealth management advisory firm in New York
• Provided a $774,500 term loan to an investment advisory firm in Wisconsin