Crestmark Equipment Finance provided $24,804,003 in 29 new transactions and Crestmark Vendor Finance provided $9,938,833 in 76 new transactions in November.
In addition, Crestmark secured a total of $13.6 million in asset-based lending and factoring financial solutions for 23 new clients, Crestmark’s government guaranteed lending group provided $8.195 million in financing for three new clients and Crestmark’s joint ventures group provided $1,007,250 in one new transaction.
Crestmark Equipment Finance transactions included but were not limited to:
- $2,776,526 to a government agency in the eastern United States for IT equipment
- $5,264,228 to a linen supply company in the eastern United States for transportation equipment
- $2,605,551 to a telecommunications company in the Midwestern United States for networking equipment
- $2,654,902 to a financial services company in the eastern United States for communications equipment
Crestmark Vendor Finance equipment finance transactions included but were not limited to:
- A fitness company in the southern United States for fitness equipment
- A laser company in the southern United States for operational equipment
- A millwork company in the southern central United States for machinery
- A trucking company in the southern central United States for transportation equipment
- A sod company in the southern United States for operational equipment
- A timber transport company in the southern United States for transportation equipment
- A medical company in the western central United States for operational equipment
- A trucking company in the southeastern central United States for transportation equipment
Asset-Based Lending and Factoring financial solutions to be used for various purposes, such as working capital and to pay off existing lenders, included:
- A $2 million accounts receivable facility to a refrigerated transport company in California
- A $1 million accounts receivable facility to a freight all kinds trucking company in Illinois
- A $1 million accounts receivable facility to an integrated solutions provider in Texas
- A $750,000 accounts receivable facility to a freight all kinds trucking company in Nebraska
- A $500,000 accounts receivable facility to a dry and refrigerated trucking company in Nova Scotia
- A $500,000 accounts receivable facility to an automotive parts distributor in Michigan
- A $300,000 accounts receivable facility to a materials transport company in Texas
- A $300,000 accounts receivable facility to a transportation company in Ohio
- A $250,000 accounts receivable facility to a refrigerated freight all kinds trucking company in Massachusetts
- A $250,000 accounts receivable facility to an intermodal transportation company in Georgia
- A $200,000 accounts receivable facility to a dry van trucking company in Texas
- A $200,000 accounts receivable facility to a freight all kinds trucking company in Texas
- A $150,000 accounts receivable facility to a power-only trucking company in Alabama
- A $150,000 accounts receivable facility to a dry van trucking company in Colorado
- A $150,000 accounts receivable facility to a power-only trucking company in Washington, D.C.
- A $150,000 accounts receivable facility to a trucking company in Texas
- A $150,000 accounts receivable facility to a dry van trucking company in Idaho
- A $150,000 accounts receivable facility to a trucking company in Georgia
- A $150,000 accounts receivable facility to a regional trucking company in South Carolina
- A $150,000 accounts receivable facility to a flatbed trucking company in Florida
- A $150,000 accounts receivable facility to a trucking company in Maryland
- A $3 million ledgered line of credit facility to a lighting manufacturer in Texas
- A $2 million ledgered line of credit facility to a staffing services company in California
Crestmark’s government guaranteed lending group provided:
- A $7.425 million term loan to a solar company in California
- A $420,000 SBA 7(a) loan to a welding and fabrication company in Arizona
- A $350,000 SBA 7(a) loan to an independent insurance agency in Idaho
Crestmark’s joint ventures group provided a $1,007,250 operating lease to a solar developer in New York.