Crestmark Equipment Finance provided $34,752,249 in 35 new transactions and Crestmark Vendor Finance provided $11,852,158 in 116 new transactions during December 2021. In addition, Crestmark secured a total of $46,424,626 in asset-based lending and factoring financial solutions for 22 new clients and the company’s government guaranteed lending group provided $107.95 million in financing for six new clients.
Crestmark Equipment Finance transactions included but were not limited to:
- $19,750,000 to a renewable energy company in the western United States for alternative energy equipment
- $3,068,532 to a pharmaceutical company in the eastern United States for IT equipment
- $2,074,051 to a financial services company in the eastern United States for communications equipment
Crestmark Vendor Finance equipment finance clients included but were not limited to:
- A ranch in the western United States for operational equipment
- A transportation company in the western United States for transportation equipment
- A trucking company in the Midwest for transportation equipment
- A laboratory in the eastern United States for IT equipment
- A transportation company in the Midwest for operational equipment
- A medical company in the eastern United States for medical equipment
- A medical company in the western United States for medical equipment
- A restaurant services company in the western United States for operational 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 $20 million participation in a $591.5 million term loan to 52 affiliated skilled nursing facilities in four states
- A $5 million accounts receivable facility to a refrigerated transportation company in Florida
- A $5 million ledged line of credit facility to a lighting management systems provider in Massachusetts
- A $4 million accounts receivable facility to a refrigerated transportation company in Florida
- A $3 million accounts receivable facility to a freight all kinds trucking company in Oklahoma
- A C$2 million ($1.6 million)) ledgered line of credit facility to a lighting management systems provider in Ontario
- A C$2.2 million ($1.76 million) and $300,000 ledgered line of credit facility to a transportation company in Manitoba
- A $1 million accounts receivable facility to an intermodal transportation company in Georgia
- A $750,000 accounts receivable facility to a freight all kinds trucking company in Michigan
- A $750,000 accounts receivable facility to a freight all kinds trucking company in California
- A C$600,000 ($479,450) and $150,000 accounts receivable facility to a freight all kinds trucking company in Nova Scotia
- A $500,000 accounts receivable facility to a beverage distributor in California
- A $400,000 accounts receivable facility to a transportation company in Texas
- A $300,000 accounts receivable facility to a refrigerated transportation company in North Carolina
- A $300,000 accounts receivable facility to a dry van transportation company in North Carolina
- A $250,000 accounts receivable facility to a freight all kinds trucking company in Missouri
- A $200,000 accounts receivable facility to a refrigerated trucking company in Illinois
- A $200,000 accounts receivable facility to a regional trucking company in Illinois
- A $150,000 accounts receivable facility to a dry van trucking company in Florida
- A $150,000 accounts receivable facility to a refrigerated trucking company in Texas
- A $150,000 accounts receivable facility to a trucking company in Texas
- A $150,000 accounts receivable facility to a flatbed trucking company in Georgia
Government guaranteed lending financial solutions to be used for various purposes, such as acquisitions and working capital, included:
- A $50 million term loan to a renewable natural gas company in West Virginia
- A $50 million USDA B&I loan to a renewable natural gas company in West Virginia
- A $4.825 million term loan to an investment advisory firm in Georgia
- A $1.95 million SBA 7(a) loan to an automotive parts distributor in California
- An $835,000 term loan to a wealth advisory firm in Connecticut
- A $340,000 SBA 7(a) loan to a waste management services company in California