Crestmark secured a total of $23.3 million in financial solutions for 22 new clients in the second half of January. Outlined below are brief descriptions of the transactions:

• $2.0 million – New lease transaction was completed with a health care company in the Eastern U.S. The financing will be used for software.
• $350,000 – Accounts receivable purchase facility to a trucking company in Kentucky. The financing will be used for working capital purposes.
• $3.5 million – Ledgered line of credit facility to a manufacturer of paper products in Alabama. The financing will be used for working capital purposes.
• $250,000 – Accounts receivable purchase facility to a trucking company in Florida. The financing will be used for working capital purposes.
• $600,000 – Accounts receivable purchase facility to a trucking company in California. The financing will be used for working capital purposes.
• $1.1 million – New lease transaction was completed with a defense contractor in the Midwest U.S. The financing will be used for capital equipment.
• $100,000 – Accounts receivable purchase facility to a trucking company in Texas. The financing will be used for working capital purposes.
• $250,000 – Traditional factoring facility to an importer and distributor of children’s toys in Florida. The financing will be used for working capital purposes.
• $150,000 – Accounts receivable purchase facility to a trucking company in North Carolina. The financing will be used for working capital purposes.
• $2.6 million – New lease transaction was completed with a manufacturer in the southeastern U.S. The financing will be used for software.
• $3.00 million – Asset-based line of credit facility to a manufacturer and distributor of milk and cream products in Pennsylvania. The financing will be used to pay off an existing lender and for working capital purposes.
• $50,000 – Accounts receivable purchase facility to a startup freight brokerage in Florida. The financing will be used for working capital purposes.\
• $150,000 – Accounts receivable purchase facility was provided to a startup trucking company in Illinois. The financing will be used for working capital purposes.
• $300,000 – Accounts receivable purchase facility to a startup freight brokerage in Florida. The financing will be used for working capital purposes.
• $1.41 million – 96-month operating lease transaction was completed with a solar developer in Pennsylvania. The financing will be used to install a 506kW-DC solar farm in Massachusetts, which has a private real estate development company as the off-taker.
• $300,000 – SBA 7(a) term loan facility was provided to an HVAC and plumbing company in North Carolina. The financing will be used to pay off an existing lender and for working capital purposes.
• $100,000 – Accounts receivable purchase facility was provided to a startup trucking company in North Carolina. The financing will be used for working capital purposes.
• $500,000 – Accounts receivable purchase facility was provided to a wholesaler of marine mechanical and electric products in Florida. The financing will be used for working capital purposes.
• $100,000 – Accounts receivable purchase facility was provided to a startup trucking company in New York. The financing will be used for working capital purposes.
• $150,000 – Accounts receivable purchase facility was provided to a trucking company in South Carolina. The financing will be used for working capital purposes.
• $6.0 million – Asset-based line of credit facility was provided to a fluid management company for the oil and gas service industry in Texas. The financing will be used to pay off an existing lender and for working capital purposes.

. $335,000 – Insurance agency term loan facility was provided to an independent insurance agency in Illinois. The financing will be used to pay off an existing lender, for acquisition purposes, and for working capital purposes.