Crestmark Provides More Than $23.6MM in Commercial Financing in H2/August

Crestmark Equipment Finance provided $6,484,462 in four new transactions; Crestmark Vendor Finance provided $4,413,415 in 43 new transactions; the Government Guaranteed Lending group provided $9,250,000 in financing for four new clients; and Crestmark secured a total of $3.55 million in ABL/factoring financial solutions for eight new clients in the second half of August.

Equipment Finance transactions included, but were not limited to:

• A renewable energy producer in the western U.S. for alternative energy equipment

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Vendor Finance equipment finance transactions included, but were not limited to:

• A trucking company in the northwestern U.S. for operational equipment

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• A cleaning company in the southern U.S. for operational equipment

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• A transportation company in the southern U.S. for transportation equipment

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• A trucking company in the midwestern U.S. for transportation equipment

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Government Guaranteed Lending financial solutions, to be used for various purposes such as acquisition, working capital, and more included:

• $7,200,000 term loan to a solar company in California

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• $895,000 SBA 7(a) loan to a packaging manufacturer in Texas

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• $800,000 SBA 7(a) loan to an insurance agency in Georgia

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• $355,000 SBA 7(a) loan to a property management company in Alabama

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Asset-Based Lending and Factoring financial solutions to be used for various purposes such as working capital and to pay off an existing lender included:

Accounts Receivable facilities:

• $1,000,000 to a refrigerated carrier in California

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• $500,000 to a transportation company in Ohio

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• $500,000 to a refrigerated trucking company in California

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• $150,000 to a freight-all-kinds trucking company in Maryland

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• $150,000 to a trucking company in South Carolina

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• $150,000 to a refrigerated trucking company in Florida

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• $100,000 to a freight broker in Texas

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Ledgered Line of Credit facilities:

• $1,000,000 to a less than load (LTL) freight company in Wisconsin.

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