Crestmark Closes 27 Transactions Totaling $32MM+ in H1/Apr

Crestmark secured a total of more than $32 million in financial solutions for 27 new clients in the first half of April. Outlined below are brief descriptions of the transactions:

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

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

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• $4.4 million insurance agency term loan facility to an independent insurance agency in Florida to pay off a previous lender and for acquisition purposes

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• $800,000 A/R purchase facility to a trucking company in Virginia to pay off a previous lender and for working capital purposes

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• $723,000 new lease transaction with a medical device company in the Southeastern U.S. for capital equipment

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• $1.7 million new lease transaction with a manufacturer of beauty products in the Northeastern U.S. 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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• $2.05 million USDA Rural Energy for America Program (REAP) loan facility to a solar developer in Vermont, which converts a power purchase agreement (PPA) into permanent debt for a 25-year term and will be used to install a 3.3 MW DC utility solar farm, which has a utility company as the offtaker.

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• $215,000 SBA 7(a) term loan facility to a fitness center in California for acquisition and working capital purposes

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

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• $6.0 million asset-based line of credit facility to a distributor of tobacco products and smoking accessories in Ohio to pay off a previous lender and for working capital purposes.

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

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

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

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• $350,000 A/R purchase facility to a trucking company in California for working capital purposes

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

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• $914,000 new lease transaction with a food manufacturer in Southeastern U.S. for capital equipment

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• $615,000 new lease transaction with a health care service provider in Western U.S. for medical equipment

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• $605,000 new lease transaction with a software and data services company in the Northeastern U.S. for technology and capital equipment

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• $4.25 million USDA REAP loan facility to a solar developer in South Carolina, which converts a 15-year PPA into permanent debt for a 25-year term and will be used to install a 14.2 MW DC utility solar farm, which has a utility company as the offtaker.

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

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

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

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• $250,000 A/R purchase facility to a freight brokerage in Michigan for working capital purposes

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• $4.15 million USDA REAP loan facility to a solar developer in Texas, which converts a five-year PPA into permanent debt for a 20-year term and will be used to install a 14 MW DC utility solar farm, which has a utility company as the offtaker.

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• $650,000 traditional factoring facility to a designer and distributor of men’s and women’s apparel in Alabama for working capital purposes

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• $2 million ledgered line of credit facility to an importer and wholesaler of spices and seasonings in Alabama for working capital purposes

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