Crestmark secured a total of $9.7 million in ABL financial solutions for four new clients and Crestmark’s government guaranteed lending group provided $38.165 million in financing for eight new clients in the second half of December. In addition, Crestmark Equipment Finance provided $25,440,689 in 10 new lease transactions and Crestmark Vendor Finance provided $5,792,233 in 65 new lease transactions.
Crestmark’s Asset-Based Lending
- Provided a $3 million asset-based lending facility to a Michigan-based blender and distributor of ink products, which will use the financing to pay off an existing lender and for working capital purposes.
- Provided a $200,000 accounts receivable purchase facility to a Michigan-based freight all kinds transportation company, which will use the financing for working capital purposes.
- Provided a $4 million asset-based lending facility to a Louisiana-based oilfield materials distributor, which will use the financing for acquisition purposes.
- Provided a $2.5 million accounts receivable purchase facility to a California-based transportation company, which will use the financing to pay off an existing lender and for working capital purposes.
_x000D_
_x000D_
_x000D_
_x000D_
Crestmark’s Government Guaranteed Lending Group
- Provided a $2,794,300 USDA B&I term loan facility to a Missouri-based solar developer, which will use the financing to pay off an existing lender.
- Provided a $10,505,400 term loan facility to a New Hampshire-based solar developer, which will use the financing for construction purposes.
- Provided a $1.77 million term loan facility to a Pennsylvania-based wealth advisory firm, which will use the financing for acquisition purposes and to pay off an existing lender.
- Provided a $3,141,900 USDA B&I term loan facility to a Missouri-based solar developer, which will use the financing to pay off an existing lender and for working capital purposes.
- Provided a $2,878,800 term loan facility to a North Carolina-based solar developer, which will use the financing for construction purposes.
- Provided a $3,419,600 term loan facility to a North Carolina-based solar developer, which will use the financing for construction purposes.
- Provided a $11.4 million term loan facility to a California-based solar developer, which will use the financing for working capital purposes.
- Provided a $2.255 million term loan facility to a North Carolina-based financial advisory firm, which will use the financing for acquisition and working capital purposes.
_x000D_
_x000D_
_x000D_
_x000D_
_x000D_
_x000D_
_x000D_
_x000D_
Crestmark Equipment Finance
- Completed a $675,395 new lease transaction with a networking provider in the western U.S. The financing will be used for IT equipment.
- Completed a $4,454,400 new lease transaction with an electrical equipment manufacturing company in the eastern U.S. The financing will be used for operational equipment.
- Completed a $1,660,930 new lease transaction with an entertainment and hospitality company in the western U.S. The financing will be used for IT equipment.
- Completed a $1,065,323 new lease transaction with a facility support services company in the western U.S. The financing will be used for capital equipment.
- Completed an $810,442 new lease transaction with a business services and marketing company in the Midwestern U.S. The financing will be used for IT equipment.
- Completed a $4,328,176 new lease transaction with an automotive manufacturer in the Southeastern U.S. The financing will be used for operational equipment.
- Completed a $3,963,582 new lease transaction with an apparel company in the Southeastern U.S. The financing will be used for capital equipment.
- Completed a $3,495,856 new lease transaction with a global manufacturing company in the Midwestern U.S. The financing will be used for IT equipment.
- Completed a $4 million new lease transaction with an outsourcing services provider in the western U.S. The financing will be used for communications equipment.
- Completed a $986,585 new lease transaction with a window and door manufacturer in the Northwestern U.S. The financing will be used for capital equipment.
_x000D_
_x000D_
_x000D_
_x000D_
_x000D_
_x000D_
_x000D_
_x000D_
_x000D_
_x000D_
Crestmark Vendor Finance funded $5,792,233 in 65 new transactions in the second half of December. Some highlights include:
- An equipment finance transaction with a medical office in the Southeastern U.S. The financing will be used for essential equipment.
- An equipment finance transaction with a construction company in the western U.S. The financing will be used for operational equipment.
- A new equipment finance transaction with a manufacturing company in the western U.S. The financing will be used for essential equipment.
- A new equipment finance transaction with a medical imaging provider in the Northwestern U.S. The financing will be used for medical equipment.
_x000D_
_x000D_
_x000D_
_x000D_
