Crestmark Closes More Than $26.5 Million in Deals H2 December

JAN 5, 2018 - 6:48 am

Crestmark secured a total of $26.605 million in financial solutions for 17 new clients in the second half of December.

$2.565 million 120-month operating lease transaction with a solar developer in New York to install a 1,511kW-DC solar farm, which has a New York-based private school as the offtaker
$200,000 accounts receivable purchase facility to a trucking company in Kansas for working capital purposes
$750,000 accounts receivable purchase facility to a trucking company in Michigan to pay off an existing lender and for working capital purposes
$500,000 accounts receivable purchase facility to a staffing company in Michigan for working capital purposes
$1.750 million ledgered line of credit facility to a staffing company in Louisiana for working capital purposes
$150,000 accounts receivable purchase facility to a startup trucking company in Tennessee for working capital purposes
$5 million SBA 7(a) term loan facility to a hotel management company in Ohio for acquisition purposes.l
$200,000 term loan facility to an educational services provider in Michigan for working capital purposes
$1.6 million new lease transaction was completed with a health club chain in the eastern U.S. for fitness equipment
$800,000 ledgered line of credit facility to an automotive parts manufacturer in Ontario for working capital purposes
$250,000 accounts receivable purchase facility to a trucking company in Arizona for working capital purposes
$6.3 million 125-month operating lease transaction with a solar manufacturer in California for 42 mobile solar generators
$250,000 traditional factoring facility to a startup distributor of men’s shirts in New Jersey for working capital purposes
$2.8 million new lease transaction with an automotive supplier in the midwestern U.S. for assembly line equipment
$1.75 million new lease transaction with a software company in the western U.S. for technology equipment
$1.59 million ledgered line of credit facility to an aluminum die cast manufacturer in Michigan for working capital purposes
$150,000 SBA 7(a) term loan facility to a water, floodand fire restoration franchise in California for working capital purposes