Crestmark secured a total of $23.416 million in financial solutions for 13 new clients in the second half of November. Outlined below are brief descriptions of the transactions:
- $600,000 A/R purchase facility to a trucking company in Texas for working capital purposes
- $4.0 million asset-based line of credit facility to a manufacturer and distributor of wireless towers in Indiana for working capital purposes
- $1.15 million new lease transaction with a supermarket chain in the Western U.S. for kitchen equipment
- $1.0 million new lease transaction with a global supply chain company in the Midwestern U.S. for technology equipment
- $150,000 A/R purchase facility to a trucking company in Pennsylvania for working capital purposes
- $150,000 A/R purchase facility to a startup railroad tie distributor in Illinois for working capital purposes
- $5.5 million ledgered line of credit facility to a telecommunications solutions provider in Colorado to pay off an existing lender and for working capital purposes
- $4.5 million 84-month operating lease transaction with a solar developer in Pennsylvania to install a 1,690kW-DC solar farm, which has a New Jersey-based school district as the offtaker
- $2.19 million term loan facility to a pharmaceutical manufacturer in Michigan for capital equipment
- $2.0 million ledgered line of credit facility to an oil and gas transportation services company in Texas to pay off an existing lender and for working capital purposes
- $1.23 million SBA 7(a) term loan facility to an independent insurance agency in Texas for acquisition and working capital purposes
- $200,000 A/R purchase facility to a freight brokerage in Kansas to pay off an existing lender and for working capital purposes
- $750,000 A/R purchase facility to a trucking company in Pennsylvania to pay off an existing lender and for working capital purposes
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