Crestmark Closes $46.9MM in Transactions in H1/August

Crestmark secured a total of $46.9 million in financial solutions across 18 transactions for 14 new clients in the first half of August. The transactions included:

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

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• $2 million construction loan facility to a solar developer in Massachusetts to install a 2,244 KW DC solar farm in Vermont, which will be repaid with Crestmark-provided sale-leaseback financing under a $4.12 million 120-month operating lease.

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

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• $750,000 A/R purchase facility to a food manufacturer and distributor in Florida for working capital purposes

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• $5.04 million new lease transaction with a civil construction company in the Southern U.S. for capital equipment

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

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• $500,000 A/R purchase facility to a startup freight brokerage in Mississippi for working capital purposes

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• Five new lease transactions totaling $14.03 million with a manufacturer in the Midwestern U.S. for IT equipment

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

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• $200,000 A/R purchase facility to a startup freight brokerage in Illinois for working capital purposes

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

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• $15 million, 125-month operating lease transaction with a solar manufacturer in California for 100 mobile solar generators

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• $7.5 million term loan facility to a solar energy provider in Minnesota to pay off an existing lender, which will be repaid with a Crestmark USDA loan facility upon final allocation of USDA Business & Industry funds from the USDA’s national office.

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• $1.195 million term loan facility to an independent wealth management firm in Pennsylvania to pay off an existing lender

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