Crestmark Closes $38.1MM in 22 Transactions in H2/June

JUL 3, 2018 - 6:58 am

Crestmark secured a total of $38.11 million in financial solutions in 22 transactions for 21 new clients in the second half of June 2018.

Those transactions included:

$2.5 million ledgered line of credit to a digital production services provider in California for working capital purposes
$1.81 million term loan to a financial services franchise in South Carolina for acquisition purposes
$937,965 new lease transaction with a property management company in the Eastern U.S. for capital equipment
$450,000 A/R purchase facility to a trucking company in Arkansas to pay off an existing lender and for working capital purposes
$200,000 A/R purchase facility to a trucking company in Arizona for working capital purposes
$150,000 A/R purchase facility to a startup trucking company in Maryland for working capital purposes
$4 million asset-based line of credit to a wireless network service provider in Michigan for working capital purposes
$2.5 million ledgered line of credit to a distributor of alloys to the oil and gas industry in Texas to pay off an existing lender and for working capital purposes
Two $602,448 new lease transactions with a manufacturing company in the Western U.S. for capital equipment
$3.171 million USDA Rural Energy for America Program (REAP) loan to a solar developer in Florida to convert a Power Purchase Agreement (PPA) into permanent debt for a 25-year term and to install a 9.3 MW DC utility-scale solar far
$400,000 A/R purchase facility to a startup trucking company in Missouri for working capital purposes
$4.88 million new lease transaction with a commercial cleaning services provider in the Eastern U.S. for capital equipment
$4.2 million new lease transaction with a flooring manufacturer in the Eastern U.S. for capital equipment
$539,327 new lease transaction with an investment management company in the Eastern U.S. for IT equipment
$100,000 A/R purchase facility to a startup trucking company in Georgia for working capital purposes
$250,000 A/R purchase facility to a trucking company in Kentucky for working capital purposes
$800,000 A/R purchase facility to a trucking company in Ontario for working capital purposes
$75,000 A/R purchase facility to a trucking company in Tennessee for working capital purposes
$2.465 million term loan to an independent wealth management firm in Texas to pay off an existing lender
$3 million ledgered line of credit to a sheet metal fabricator in Wisconsin to pay off an existing lender and for acquisition purposes
$4.473072 million term loan to an IT networking services provider in California for capital equipment