Crestmark Closes 19 Transactions Totaling $44.3MM

Crestmark secured a total of $44.3 million in financial solutions for 15 new clients in the first half of January.

The deals included the following:

• $8.82 million USDA REAP loan facility and a $6.18 million USDA business and industry loan facility to a solar energy company in California for acquisition purposes

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• $1.28 million new lease transaction to an automotive supplier in the Midwestern U.S. for technology equipment

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• $7.83 million USDA REAP loan facility and a $5 million USDA business and industry loan facility to a solar energy company in California for acquisition purposes

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• $2.82 million new lease transaction with a plastics manufacturer in the Southeastern U.S. for capital equipment

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

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• $300,000 A/R purchase facility to a trucking company in Texas for working capital purposes

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

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• $1.5 million ledgered line of credit facility to a commercial printing company in Texas to pay off an existing lender and for working capital purposes

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• $1 million term loan facility and a $250,000 ledgered line of credit facility to an independent insurance agency in Michigan for acquisition and working capital purposes

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• $300,000 A/R purchase facility to a trucking company in Kentucky for working capital purposes

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• $5 million USDA business and industry loan facility and a $500,000 term loan facility to a hospitality management company in Louisiana to pay off an existing lender

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• $500,000 A/R purchase facility to a tobacco product wholesaler in North Carolina for working capital purposes

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• $1.24 million new lease transaction with a scientific research firm in the Western U.S. for laboratory equipment

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• $600,000 A/R purchase facility to a trucking company in Oregon for working capital purposes

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• $750,000 A/R purchase facility to a trucking company in Texas for working capital purposes

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