Crestmark secured a total of $17.7 million in financial solutions for 17 new clients in the second half of February.
Outlined below is a brief summary of the transactions:
- $2 million A/R purchase facility to a trucking company in Oregon to pay off an existing lender and for working capital purposes
- $1 million ledgered line of credit facility to a distributor of HVAC components in Massachusetts for working capital purposes
- $500,000 A/R purchase facility to a trucking company in Tennessee for working capital purposes
- $100,000 A/R purchase facility to a startup trucking company in Wyoming for working capital purposes
- $2.9 million new lease transaction with a software company in the Western U.S. for IT equipment
- $2.35 million USDA REAP loan facility to a solar developer in Texas for the acquisition of a 7.09MW solar array in Texas, which has an energy retailer as the off-taker.
- $400,000 A/R purchase facility to a trucking company in Georgia for working capital purposes
- $150,000 A/R purchase facility to a trucking company in Minnesota for working capital purposes
- $1.1 million new lease transaction with an energy management company in the Midwestern U.S. for IT equipment
- $4.8 million new lease transaction with an apparel retailer in the Eastern U.S. for robotic equipment
- $250,000 traditional factoring facility to a distributor of men’s, women’s and children’s apparel in Florida for working capital purposes
- $150,000 A/R purchase facility to a trucking company in New Jersey for working capital purposes
- $100,000 A/R purchase facility to a trucking company in Nevada to pay off an existing lender and for working capital purposes
- $300,000 A/R purchase facility to a trucking company in Alabama for working capital purposes
- $100,000 A/R purchase facility to a trucking company in West Virginia for working capital purposes
- $500,000 ledgered line of credit facility to a startup staffing company in Michigan for working capital purposes
- $1 million A/R purchase facility to a trucking company in Wisconsin to pay off an existing lender and for working capital purposes