Crestmark secured a total of $43.4 million in financial solutions for 23 new clients in the first half of October. Outlined below are brief descriptions of the transactions:
- $4.3 million new lease transaction with a golf course management company in the western U.S. for equipment
- $6.7 million new lease transaction with an automotive company in the Midwestern U.S. for hardware and software
- $710,000 SBA 7(a) term loan facility to an independent insurance agency in Georgia for acquisition and working capital purposes
- $100,000 A/R purchase facility to a trucking company in Arkansas for working capital purposes
- $100,000 A/R purchase facility to a trucking company in Florida for working capital purposes
- $400,000 A/R purchase facility to a trucking company in Georgia for working capital purposes
- $1.1 million SBA 7(a) term loan facility to a resort management company in Florida for acquisition and working capital purposes
- $100,000 A/R purchase facility to a trucking company in Georgia for working capital purposes
- $1.5 million ledgered line of credit facility and a $718,500 term loan facility to a machine parts manufacturer in New York for equipment financing and working capital purposes
- $100,000 A/R purchase facility to a trucking company in Texas for working capital purposes
- $4.0 million A/R purchase facility to a trucking company in Illinois for working capital purposes
- $70,000 SBA 7(a) term loan facility to an independent insurance agency in Ohio for acquisition purposes
- $2.0 million A/R purchase facility to a trucking company in Texas to pay off an existing lender and for working capital purposes
- $17.0 million new lease transaction with an automotive supplier in the Midwestern U.S. for capital equipment
- $120,000 A/R purchase facility to a trucking company in Arizona for working capital purposes
- $100,000 A/R purchase facility to a trucking company in Florida for working capital purposes
- $350,000 A/R purchase facility to a trucking company in Colorado for working capital purposes
- $100,000 A/R purchase facility to a startup freight brokerage in Arkansas for working capital purposes
- $200,000 A/R purchase facility to a trucking company in Texas for working capital purposes
- $3.0 million A/R purchase facility to a biomedical services provider in New Jersey to pay off an existing lender and for working capital purposes
- $250,000 A/R purchase facility to a trucking company in California for working capital purposes
- $150,000 A/R purchase facility to a trucking company in Texas for working capital purposes
- $200,000 A/R purchase facility to a trucking company in California for working capital purposes
One Reply to “Crestmark Closes 24 Transactions Totaling $43.4MM in H1/Oct”
Please let me know if you are a direct lender and if so so if you deal with brokers.We are a 40 year old third party originator (broker) specializing in providing equipment financing and TRAC leases to Motorcoach,School Bus & Truck &Trailer fleets. Our transaction offerings range fron$300 K to $5.0MM