Crestmark Equipment Finance Provides More Than $15MM in Financing in H1/May



Crestmark Equipment Finance provided $15,547,956 in seven new transactions and Crestmark Vendor Finance provided $2,791,048 in 28 new transactions in the first half of May. In addition, Crestmark secured a total of $15.79 million in asset-based lending and factoring financial solutions for 12 new clients.

Crestmark Equipment Finance Highlights

  • Completed a $5 million new lease transaction with a manufacturing company in the Midwest. The financing will be used for operational equipment.
  • Completed a $4.05 million new lease transaction with an inland water freight company in the southern U.S. The financing will be used for operational equipment.
  • Completed a $4,111,279 new lease transaction with a machinery manufacturing company in the northeastern U.S. The financing will be used for IT equipment.

Crestmark Vendor Finance Highlights

  • Completed an equipment finance transaction with a transportation company in the western U.S. The financing will be used for operational equipment.
  • Completed an equipment finance transaction with a spa and laser services company in the Midwest. The financing will be used for medical equipment.
  • Completed a new equipment finance transaction with a dumpster rental company in the southern U.S. The financing will be used for operational equipment.
  • Completed a new equipment finance transaction with a food manufacturing company in the southern U.S. The financing will be used for operational equipment.

Crestmark’s Asset-Based Lending and Factoring

  • Provided a $200,000 accounts receivable purchase facility to an Alabama-based power-only freight transportation company, which will use the financing for working capital purposes
  • Provided a $150,000 accounts receivable purchase facility to a Maryland-based general freight trucking company, which will use the financing for working capital purposes
  • Provided a $150,000 accounts receivable purchase facility to a North Carolina-based regional trucking company, which will use the financing for working capital purposes
  • Provided a $150,000 accounts receivable purchase facility to a Pennsylvania-based power-only load transportation company, which will use the financing for working capital purposes
  • Provided a $200,000 accounts receivable purchase facility to an Alabama-based refrigerated transportation company, which will use the financing for working capital purposes
  • Provided a $150,000 accounts receivable purchase facility to a Montana-based flatbed trucking company, which will use the financing for working capital purposes
  • Provided a $150,000 accounts receivable purchase facility to a North Carolina-based trucking company, which will use the financing for working capital purposes
  • Provided a $200,000 ledgered line of credit facility to a Florida-based IT solutions and staffing services company, which will use the financing for working capital purposes
  • Provided a $150,000 accounts receivable purchase facility to a California-based refrigerated trucking company, which will use the financing for working capital purposes
  • Provided a $3 million asset-based lending facility and a $990,000 term loan facility to a Michigan-based automotive metal stamping services company, which will use the financing to pay off an existing lender and for working capital purposes
  • Provided a $300,000 accounts receivable purchase facility to a Florida-based regional trucking company, which will use the financing for working capital purposes
  • Provided a $10 million term loan facility to a Michigan-based development company, which will use the financing for acquisition purposes


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com