Crestmark Closes More Than $74.8MM in 26 Transactions

AUG 7, 2018 - 6:30 am

Crestmark secured a total of $74.854 million in financial solutions for 26 new clients in the second half of July.

Those transactions included:

$830,000 term loan to an independent wealth management firm in California to pay off an existing lender
$5.146 million new lease transaction for a civil construction company in the southern U.S. for capital equipment
$7.945 million new lease transaction for a pharmaceutical company in the Northeastern U.S. for software
$400,000 A/R purchase facility to a startup freight brokerage in Texas for working capital purposes
$1.269 million new lease transaction for a software company in the Southwestern U.S. for IT equipment
$1 million asset-based line of credit to a plastic injection molding company in Kentucky to pay off an existing lender and for working capital purposes
$150,000 A/R purchase facility to a trucking company in Florida for working capital purposes
$2.06 million new lease transaction for an intermodal services provider in the Midwestern U.S. for capital equipment
$2.4 million A/R purchase facility to a trucking company in California to pay off an existing lender and for working capital purposes
$600,000 term loan to an independent insurance agency in Connecticut to pay off an existing lender and for working capital purposes
$557,079 new lease transaction for an intermodal facilities operator in the Midwestern U.S. for capital equipment
$1.199112 million new lease transaction for a background check company in the Southeastern U.S. for IT equipment
$7.253825 million term loan to a solar energy provider in Indiana to pay off an existing lender
$8.195353 million term loan to a solar energy provider in North Carolina for working capital purposes
$1.87 million new lease transaction for a managed parking services provider in the Southeastern U.S. for security equipment
$913,177 new lease transaction for a third-party logistics company in the Southeastern U.S. for capital equipment
$1.4725 million new lease transaction for a manufacturing company in the Midwestern U.S. for IT equipment
$1.106050 new lease transaction for an IT services provider in the Midwestern U.S. for IT equipment
$1.723443 million new lease transaction for an oilfield services company in the Southern U.S. for capital equipment
$861,530 new lease transaction for a medical services provider in the Northeastern U.S. for capital equipment
$100,000 A/R purchase facility to a startup trucking company in Michigan for working capital purposes
$791,783 new lease transaction for a fitness club in the Northeastern U.S. for capital equipment
$1.654 million term loan to an independent wealth management firm in California to pay off an existing lender
$2.682 million term loan to an independent wealth management firm in California to pay off an existing lender
$180,000 term loan to an independent insurance agency in Kansas to pay off an existing lender
$22.4928 million term loan to a solar energy provider in Missouri for working capital purposes