Crestmark Equipment Finance provided $15,319,877 in four new lease transactions, Crestmark Vendor Finance provided $8,710,820 in 121 new lease transactions and Crestmark’s government guaranteed lending group provided $5,050,000 in financing for two new clients in the first half of June.
Crestmark Equipment Finance
- Completed a $2,558,276 new lease transaction with an air transportation company in the southeastern U.S. The financing will be used for operational equipment.
- Completed two new lease transactions totaling $2,862,297 with an energy management company in the midwestern U.S. The financing will be used for IT equipment.
- Completed a $9,899,304 new lease transaction with a natural resource company in the southwestern U.S. The financing will be used for operational equipment.
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Highlights from Crestmark Vendor Finance include:
- A lease transaction with a wellness center in the southeastern U.S. The financing will be used for essential equipment.
- An equipment finance transaction with a builder in the northwestern U.S. The financing will be used for construction equipment.
- A new equipment finance transaction with a logistics company in the southeastern U.S. The financing will be used for transportation equipment.
- A new equipment finance transaction with a food manufacturer in the southwestern U.S. The financing will be used for manufacturing equipment.
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Government Guaranteed Lending
- Provided a $1,050,000 SBA 7(a) term loan facility to an investment advisory firm in Washington. The financing will be used for acquisition purposes.
- Provided a $4 million term loan facility to a solar developer in California on June 11. The financing will be used for working capital purposes.
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Crestmark, a division of MetaBank, provides asset-based lending, accounts receivable financing, lines of credit, term loans, factoring, government guaranteed lending, machinery/equipment financing and equipment leasing.
