Crestmark Equipment Finance provided $25.9 million in 14 new lease transactions, Crestmark Vendor Finance provided $8.26 million in 77 new lease transactions, the Joint Ventures Division provided $12.25 million in financing for one new client and Crestmark secured a total of $2 million in ABL financial solutions for six new clients in the second half of December.
Crestmark Equipment Finance:
- $952,525 new lease transaction with a manufacturer of building products in the Southern U.S. for capital equipment
- $7 million new lease transaction with a producer of wholesale fuel in the Northwestern U.S. for capital equipment
- Two new lease transactions totaling $7.88 million with a producer of industrial sand in the Southern U.S. for capital equipment
- Two new lease transactions totaling $1.5 million with a fitness club in the Northeastern U.S. for capital equipment
- $954,699 new lease transaction with a rental services company in the Southeastern U.S. for capital equipment
- $982,551 new lease transaction with a fitness club in the Southwestern U.S. for capital equipment
- Three new lease transactions totaling $1.87 million with a provider of infrastructure services in the Northeastern U.S. for transportation equipment
- $2.48 million new lease transaction with a food manufacturer in the Midwestern U.S. for software
- $1.75 million new lease transaction with a cosmetics company in the Northeastern U.S. for capital equipment
- $529,663 new lease transaction was completed with a staffing company in the northeastern U.S. on Dec. 20. The financing will be used for leasehold improvements.
Crestmark Vendor Finance funded $8.26 million in 77 new lease transactions for 76 clients in the second half of December. Some highlights include:
- A new equipment finance transaction with an audio-visual company in the Southeastern U.S. for capital equipment
- A new equipment finance agreement with a trucking company in the Western U.S. for transportation equipment
- A new equipment finance agreement with a farm in the Southeastern U.S. for heavy equipment
- A new equipment finance transaction with a coffee company in the Midwestern U.S. for capital equipment
The Joint Ventures Division:
- $12.25 million operating lease transaction with a solar developer in Arizona for a 7.18 MW DC solar farm in North Carolina, which has a utility as the offtaker
Crestmark’s Asset-Based Lending Divisions:
- $250,000 A/R purchase facility to a trucking company in California for working capital purposes
- $200,000 A/R purchase facility to a startup trucking company in California for working capital purposes
- $150,000 A/R purchase facility to a trucking company in Florida for working capital purposes
- $1 million A/R purchase facility to a startup staffing company in Michigan for working capital purposes
- $100,000 A/R purchase facility to a trucking company in Iowa for working capital purposes
- $300,000 A/R purchase facility to a trucking company in California for working capital purposes