Crestmark partnered with Comdata in launching Comdata QuickPay, which is a new financing solution that gives fleet owners access to same-day payments on the loads they deliver.
Crestmark secured a total of $20.25 million in asset-based lending financial solutions for seven new clients in the first half of March.
In the second half of February, Crestmark secured a total of $10,450,000 in asset-based lending financial solutions for five new clients. In addition, Crestmark Equipment Finance provided $15,950,106 in nine new lease transactions, Crestmark Vendor Finance provided $4,247,630 in 46 new lease transactions and the Government Guaranteed Lending Division provided a $1,680,000 term loan facility to a solar developer in California for capital expenditures.
Crestmark secured a total of $12 million in ABL financial solutions for five new clients in the first half of January.
Crestmark provided $48.4 million in financing to 93 businesses in the second half of December, including $2 million in ABL funding.
Crestmark has launched a new division offering medical accounts receivable financing to businesses in the healthcare industry.