Crestmark Provides Over $37.4MM in Financing in H2/November

Crestmark secured a total of $10.39 million in ABL financial solutions for eight new clients in the last half of November 2018. Concurrently, Crestmark Equipment Finance provided $17.779303 million in eight new lease transactions; Crestmark Vendor Finance provided $4.643629 in 53 new lease transactions; and the Government Guaranteed Lending Division provided $4.68 million in financing for five new clients._x000D_
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Those transactions included:_x000D_
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In the ABL division:_x000D_

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• $500,000 A/R purchase facility to a trucking company in Ohio for working capital purposes

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• $5 million asset-based line of credit facility to a roofing manufacturer in Ohio to pay off an existing lender and for working capital purposes

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• $1.5 million Canadian ledgered line of credit and a $300,000 U.S. ledgered line of credit to a trucking company in British Columbia, Canada to pay off an existing lender and for working capital purposes

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

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• $250,000 A/R purchase facility to a trucking company in California for working capital purposes

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• $2.5 million ledgered line of credit to a wireless network service provider in California to pay off an existing lender and for working capital purposes

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

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• $40,000 A/R purchase facility to trucking company in Minnesota for working capital purposes

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In Crestmark Equipment Finance:_x000D_

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• $800,000 new lease transaction for a furniture supplier in the southeastern U.S. for capital equipment

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• $1.07509 million new lease transaction for a software and data services company in the western U.S. for IT equipment

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• $568,893 new lease transaction for an energy management company in the midwestern U.S. for IT equipment

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• $961,921 new lease transaction for an energy management company in the midwestern U.S. for IT equipment

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• $898,039 new lease transaction for an energy management company in the midwestern U.S. for IT equipment

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• $2.01379 million new lease transaction for an IT services provider in the midwestern U.S. for IT equipment

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• $10.875 million 63-month operating lease transaction for a solar developer in the western U.S. for 150 mobile solar generators

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• $586,570 new lease transaction for an oil and gas services provider in the southern U.S. for capital equipment

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In Crestmark Vendor Finance:_x000D_

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• $4.643629 million in 53 transactions

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In the Government Guaranteed Lending Division:_x000D_

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• $120,000 SBA 7(a) term loan to a restaurant franchisee in California for working capital purposes

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• $2.714 million term loan to an investment advisory firm in North Carolina to pay off an existing lender

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• $790,000 term loan to an investment advisory firm in New Jersey to pay off an existing lender.

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• $790,000 term loan to an investment advisory firm in California to pay off an existing lender

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• $266,000 SBA 7(a) term loan to a restaurant franchisee in Michigan for working capital purposes

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