Crestmark Closes 17 Transactions Totaling $17.7MM in H2/Feb

MAR 6, 2018 - 6:25 am

Crestmark secured a total of $17.7 million in financial solutions for 17 new clients in the second half of February. Outlined below is a brief summary of the transactions:

$2.0 million A/R purchase facility to a trucking company in Oregon to pay off an existing lender and for working capital purposes
$1.0 million ledgered line of credit facility to a distributor of HVAC components in Massachusetts for working capital purposes
$500,000 A/R purchase facility to a trucking company in Tennessee for working capital purposes
$100,000 A/R purchase facility to a startup trucking company in Wyoming for working capital purposes
$2.9 million new lease transaction with a software company in the Western U.S. for IT equipment
$2.35 million USDA REAP loan facility to a solar developer in Texas for the acquisition of a 7.09MW solar array in Texas, which has an energy retailer as the off-taker.
$400,000 A/R purchase facility to a trucking company in Georgia for working capital purposes
$150,000 A/R purchase facility to a trucking company in Minnesota for working capital purposes
$1.1 million new lease transaction with an energy management company in the Midwestern U.S. for IT equipment
$4.8 million new lease transaction with an apparel retailer in the Eastern U.S. for robotic equipment
$250,000 traditional factoring facility to a distributor of men’s, women’s and children’s apparel in Florida for working capital purposes
$150,000 A/R purchase facility to a trucking company in New Jersey for working capital purposes
$100,000 A/R purchase facility to a trucking company in Nevada to pay off an existing lender and for working capital purposes
$300,000 A/R purchase facility to a trucking company in Alabama for working capital purposes
$100,000 A/R purchase facility to a trucking company in West Virginia for working capital purposes
$500,000 ledgered line of credit facility to a startup staffing company in Michigan for working capital purposes
$1.0 million A/R purchase facility to a trucking company in Wisconsin to pay off an existing lender and for working capital purposes