Crestmark Archives - ABFJournal

Financing Turnaround: How Secured Lending Saved Handaband USA

Handaband USA was a thriving business in the oil and gas market in Texas until unpredictable fuel prices made it difficult to sustain its growth. This is the story of how its previous lender (Crestmark), an Article 9 reorganization, its current owner (Logan Fund) and its newly recruited lender (GemCap) have gotten the business back in the fast lane.

Second Wind Consultants Facilitates $5.25MM GemCap Take-Out of Crestmark Distressed Credit

Second Wind Consultants facilitated a UCC Artirle 9 reorganization of an oil field services company that allowed the company’s lender, Crestmark, to recover full asset valuation of $5.25 million without formal liquidation and GemCap to refinance Crestmark out of the previously distressed credit.

November 23, 2022 Crestmark | GemCap | Second Wind Consultants Ian Koplin

Crestmark Adds New Members to Sales Team, Promotes Allman to Lead Western Region Sales

Crestmark added Richard Bollinger and William Houng Jr. to the sales team for Crestmark Equipment Finance and Robert Abraham, Andrew Disch and Nicholas Wagner to the sales team for its working capital group. In addition, the company promoted Dean Allman to western region sales manager.

Crestmark Provides More Than $33MM in ABL and Factoring Solutions in June

Crestmark, the commercial finance division of Pathward, secured a total of $33,772,677 in asset-based lending and factoring financial solutions for 23 new clients in the June.

August 1, 2022 Crestmark | Crestmark Equipment Finance | Pathward Ian Koplin

Crestmark Supplies More Than $25MM in ABL and Factoring Solutions in May

Crestmark, the commercial finance division of MetaBank, secured a total of $25.95 million in asset-based lending and factoring financial solutions for 23 new clients in May.

June 17, 2022 Crestmark | Crestmark Equipment Finance | MetaBank Ian Koplin

Crestmark Provides More Than $12MM in ABL/Factoring Solutions in H2/April

Crestmark secured $12,801,160 in asset-based lending and factoring financial solutions for 11 new clients and Crestmark’s structured finance group provided $1.6 million in financing for one new client in the second half of April.

May 16, 2022 Crestmark | Crestmark Equipment Finance | MetaBank Ian Koplin

Crestmark Provides $56.45MM in ABL/Factoring Solutions from Mid-March to Mid-April

Crestmark secured a total of $56.45 million in asset-based lending and factoring financial solutions for 26 new clients in the second half of March and the first half of April.

April 28, 2022 Crestmark | Crestmark Equipment Finance Ian Koplin

Crestmark Adds Flamang and Aurelia to Business Development Team

Richard Flamang and Ralph Aurelia joined Crestmark, the commercial finance division of MetaBank, as business development team members for the company’s working capital group.

MetaBank Rebrands as Pathward

MetaBank, the parent company of Crestmark, is changing its name to Pathward. The company will make certain changes immediately and fully transition to the name Pathward by the end of this calendar year.

March 30, 2022 Brett Pharr | Crestmark | MetaBank | MetaBank Financial Group Ian Koplin

Crestmark Provides More Than $12MM in ABL and Factoring Solutions in H1/March

Crestmark, the commercial finance division of MetaBank, secured a total of $12,363,696 in asset-based lending and factoring financial solutions for nine new clients and Crestmark’s structured finance group provided $11,337,372 in financing for five new clients in the first half of March.

March 28, 2022 Crestmark | Crestmark Equipment Finance | MetaBank Ian Koplin

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