Crestmark Closes $26.6MM in Transactions in H2/April

Crestmark secured a total of $26.627 million in financial solutions for 22 new clients in the second half of April 2018.

Those transactions included:

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

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• $2 million USDA Rural Energy for America Program (REAP) loan facility to a solar developer in Texas in order to convert a five-year power purchase agreement into permanent debt for a 20-year term and to install a 7 MW DC utility solar farm

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• $300,000 ledgered line of credit facility to a distributor of audio visual equipment in Michigan for working capital purposes

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• $1 million A/R purchase facility to a staffing company for the oil and gas industry in Pennsylvania for working capital purposes

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• $300,000 term loan facility to a machine manufacturer in Michigan for working capital purposes

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

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• $300,000 A/R purchase facility to a distributor of motors and electromechanical components in Florida to pay off an existing lender and for 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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• $682,000 new lease transaction for a transportation company in the midwestern U.S. who will use the funding for capital equipment

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• $1.651 million new lease transaction for a food manufacturer in the northeastern U.S. who will use the funding for software

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

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

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• $500,000 A/R purchase facility to a producer and distributor of hardwood flooring in Florida for working capital purposes

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

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• $500,000 ledgered line of credit facility to a manufacturer of planters and waste receptacles in Florida for working capital purposes

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• $7.5 million asset-based line of credit facility to an IT staffing company in Kansas to pay off an existing lender and for working capital purposes

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• $500,000 A/R purchase facility to a trucking company in South Carolina for working capital purposes

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• $600,000 A/R purchase facility to a freight brokerage in Florida for working capital purposes

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• $3.75 million USDA REAP loan facility to a solar developer in South Carolina in order to convert a five-year PPA into permanent debt for a 25-year term and to install a 14.8 MW DC utility solar farm

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• $100,000 A/R purchase facility to a trucking company in Wisconsin to pay off an existing lender and for working capital purposes

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• $2 million ledgered line of credit facility to a trucking company in Georgia to pay off an existing lender and for working capital purposes

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• $3.444 million insurance agency term loan facility to an independent insurance agency in Florida to pay off an existing lender and for acquisition purposes

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