Crestmark Closes 27 Transactions Totaling $32MM+ in H1/Apr

APR 19, 2018 - 6:50 am

Crestmark secured a total of more than $32 million in financial solutions for 27 new clients in the first half of April. Outlined below are brief descriptions of the transactions:

$100,000 A/R purchase facility to a trucking company in Texas for working capital purposes
$75,000 A/R purchase facility to a trucking company in Maryland for working capital purposes
$4.4 million insurance agency term loan facility to an independent insurance agency in Florida to pay off a previous lender and for acquisition purposes
$800,000 A/R purchase facility to a trucking company in Virginia to pay off a previous lender and for working capital purposes
$723,000 new lease transaction with a medical device company in the Southeastern U.S. for capital equipment
$1.7 million new lease transaction with a manufacturer of beauty products in the Northeastern U.S. for software
$100,000 A/R purchase facility to a trucking company in Arkansas for working capital purposes
$2.05 million USDA Rural Energy for America Program (REAP) loan facility to a solar developer in Vermont, which converts a power purchase agreement (PPA) into permanent debt for a 25-year term and will be used to install a 3.3 MW DC utility solar farm, which has a utility company as the offtaker.
$215,000 SBA 7(a) term loan facility to a fitness center in California for acquisition and working capital purposes
$300,000 A/R purchase facility to a trucking company in Florida for working capital purposes
$6.0 million asset-based line of credit facility to a distributor of tobacco products and smoking accessories in Ohio to pay off a previous lender and for working capital purposes.
$200,000 A/R purchase facility to a trucking company in California for working capital purposes
$100,000 A/R purchase facility to a trucking company in Texas for working capital purposes
$450,000 A/R purchase facility to a trucking company in Michigan to pay off an existing lender and for working capital purposes
$350,000 A/R purchase facility to a trucking company in California for working capital purposes
$100,000 A/R purchase facility to a trucking company in Florida for working capital purposes
$914,000 new lease transaction with a food manufacturer in Southeastern U.S. for capital equipment
$615,000 new lease transaction with a health care service provider in Western U.S. for medical equipment
$605,000 new lease transaction with a software and data services company in the Northeastern U.S. for technology and capital equipment
$4.25 million USDA REAP loan facility to a solar developer in South Carolina, which converts a 15-year PPA into permanent debt for a 25-year term and will be used to install a 14.2 MW DC utility solar farm, which has a utility company as the offtaker.
$150,000 A/R purchase facility to a trucking company in California for working capital purposes
$750,000 A/R purchase facility to a trucking company in Florida for working capital purposes
$75,000 A/R purchase facility to a trucking company in Alabama for working capital purposes
$250,000 A/R purchase facility to a freight brokerage in Michigan for working capital purposes
$4.15 million USDA REAP loan facility to a solar developer in Texas, which converts a five-year PPA into permanent debt for a 20-year term and will be used to install a 14 MW DC utility solar farm, which has a utility company as the offtaker.
$650,000 traditional factoring facility to a designer and distributor of men’s and women’s apparel in Alabama for working capital purposes
$2.0 million ledgered line of credit facility to an importer and wholesaler of spices and seasonings in Alabama for working capital purposes