Crestmark secured a total of $6.05 million in ABL financial solutions for five new clients, Crestmark Equipment Finance provided $4,371,057 in three new lease transactions and Crestmark’s government guaranteed lending group provided $12.722 million in financing for three new clients in the first half of November.
Crestmark’s Asset-Based Lending
* Provided a $750,000 ledgered line of credit facility to a Utah-based healthcare services provider, which will use the financing for working capital purposes.
* Provided a $150,000 accounts receivable purchase facility to a Texas-based cargo transport company, which will use the financing to pay off an existing lender and for working capital purposes.
* Provided a $1 million accounts receivable purchase facility to a California-based refrigerated transportation company, which will use the financing to pay off an existing lender and for working capital purposes.
* Provided a $150,000 accounts receivable purchase facility to a Georgia-based flatbed intrastate trucking company, which will use the financing for working capital purposes.
* Provided a $4 million ledgered line of credit facility to an Oklahoma-based natural stone supplier, which will use the financing for working capital purposes.
Crestmark Equipment Finance
* Completed a $777,767 new lease transaction with a global manufacturing company in the midwestern U.S. The financing will be used for IT equipment.
* Completed a $1,886,365 new lease transaction with a housing authority in the northeastern U.S. The financing will be used for solar equipment.
* Completed a $1,706,925 new lease transaction with a global manufacturing company in the midwestern U.S. The financing will be used for capital equipment.
Government Guaranteed Lending
* Provided a $10 million term loan facility to a California-based solar developer, which will use the financing for working capital purposes.
* Provided a $2.532 million term loan facility to a New Hampshire-based solar developer, which will use the financing for working capital purposes.
* Provided a $190,000 term loan facility to a California-based winery, which will use the financing for working capital purposes.
