Crestmark Secures More Than $16MM in ABL Financing in H2/August
Crestmark secured a total of $16,993,300 in ABL financial solutions for 10 new clients in the second half of August.
Crestmark secured a total of $16,993,300 in ABL financial solutions for 10 new clients in the second half of August.
Crestmark secured a total of $6.5 million in ABL financial solutions for four new clients in the first half of August. As a whole, Crestmark provided more than $47 million in commercial financing.
Crestmark secured a total of $29,152,900 in asset-based lending solutions for seven new clients in the second half of July, including an $18 million asset-based lending facility for a nationwide transportation company in Colorado.
Crestmark secured a total of $7,703,300 in ABL financial solutions for seven new clients in the first half of July. In addition, Crestmark Equipment Finance provided $16,946,772 in three new lease transactions and Crestmark Vendor Finance provided $7,799,845 in 98 new lease transactions.
Crestmark provided more than $57.9 million in financing to 294 businesses in the second half of June, including a total of $16.4 million in ABL financial solutions for 14 new clients.
Crestmark provided more than $29 million in commercial financing transactions to 126 businesses in the first half of June, including more than $5 million in term loans by the company’s government guaranteed lending group.
The Singing Machine Company entered into a two-year loan and security agreement for a $10 million financing facility with Crestmark on eligible accounts receivable. The company also executed an agreement with Iron Horse Credit for up to $2.5 million in inventory financing.
Crestmark secured $14.34 million in ABL financial solutions for 11 new clients in the second half of May.
Crestmark secured a total of $7.8 million in asset-based lending financial solutions for 10 new clients in the first half of May, including a $2.5 million accounts receivable purchase facility for a manufacturing materials distributor in Colorado.
Crestmark secured a total of $3.95 million in ABL financial solutions for four new clients in the second half of April.