Crestmark Provides More Than $46MM in ABL/Factoring Solutions in December 2021

Crestmark secured a total of $46,424,626 in asset-based lending and factoring financial solutions for 22 new clients and the company’s government guaranteed lending group provided $107.95 million in financing for six new clients in December 2021. In addition, Crestmark Equipment Finance provided $34,752,249 in 35 new transactions and Crestmark Vendor Finance provided $11,852,158 in 116 new transactions.

Asset-based lending and factoring financial solutions to be used for various purposes, such as working capital and to pay off existing lenders, included:

• A $20 million participation in a $591.5 million term loan to 52 affiliated skilled nursing facilities in four states

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• A $5 million accounts receivable facility to a refrigerated transportation company in Florida

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• A $5 million ledged line of credit facility to a lighting management systems provider in Massachusetts

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• A $4 million accounts receivable facility to a refrigerated transportation company in Florida

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• A $3 million accounts receivable facility to a freight all kinds trucking company in Oklahoma

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• A C$2 million ($1.6 million)) ledgered line of credit facility to a lighting management systems provider in Ontario

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• A C$2.2 million ($1.76 million) and $300,000 ledgered line of credit facility to a transportation company in Manitoba

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• A $1 million accounts receivable facility to an intermodal transportation company in Georgia

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• A $750,000 accounts receivable facility to a freight all kinds trucking company in Michigan

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• A $750,000 accounts receivable facility to a freight all kinds trucking company in California

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• A C$600,000 ($479,450) and $150,000 accounts receivable facility to a freight all kinds trucking company in Nova Scotia

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• A $500,000 accounts receivable facility to a beverage distributor in California

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• A $400,000 accounts receivable facility to a transportation company in Texas

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• A $300,000 accounts receivable facility to a refrigerated transportation company in North Carolina

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• A $300,000 accounts receivable facility to a dry van transportation company in North Carolina

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• A $250,000 accounts receivable facility to a freight all kinds trucking company in Missouri

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• A $200,000 accounts receivable facility to a refrigerated trucking company in Illinois

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• A $200,000 accounts receivable facility to a regional trucking company in Illinois

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• A $150,000 accounts receivable facility to a dry van trucking company in Florida

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• A $150,000 accounts receivable facility to a refrigerated trucking company in Texas

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• A $150,000 accounts receivable facility to a trucking company in Texas

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• A $150,000 accounts receivable facility to a flatbed trucking company in Georgia

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Government guaranteed lending financial solutions to be used for various purposes, such as acquisitions and working capital, included:

• A $50 million term loan to a renewable natural gas company in West Virginia

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• A $50 million USDA B&I loan to a renewable natural gas company in West Virginia

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• A $4.825 million term loan to an investment advisory firm in Georgia

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• A $1.95 million SBA 7(a) loan to an automotive parts distributor in California

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• An $835,000 term loan to a wealth advisory firm in Connecticut

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• A $340,000 SBA 7(a) loan to a waste management services company in California

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Crestmark Equipment Finance transactions included but were not limited to:

• $19,750,000 to a renewable energy company in the western United States for alternative energy equipment

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• $3,068,532 to a pharmaceutical company in the eastern United States for IT equipment

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• $2,074,051 to a financial services company in the eastern United States for communications equipment

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Crestmark Vendor Finance equipment finance clients included but were not limited to:

• A ranch in the western United States for operational equipment

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• A transportation company in the western United States for transportation equipment

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• A trucking company in the Midwest for transportation equipment

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• A laboratory in the eastern United States for IT equipment

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• A transportation company in the Midwest for operational equipment

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• A medical company in the eastern United States for medical equipment

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• A medical company in the western United States for medical equipment

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• A restaurant services company in the western United States for operational equipment

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