Crestmark Equipment Finance provided $20,343,127 in five new lease transactions and Crestmark Vendor Finance provided $6,111,586 in 79 new transactions in the second half of September. In addition, Crestmark secured a total of $15,847,400 in ABL financial solutions for 10 new clients and Crestmark’s government guaranteed lending group provided $66,831,600 in financing for 16 new clients.

Crestmark Equipment Finance

• Completed a $3,001,360 new lease transaction with a pharmaceutical company in the northeastern U.S. The company will use the financing for IT equipment.
• Completed two new lease transactions totaling $2,282,706 with a manufacturing sequence services provider in the western U.S. The provider will use the financing for operational equipment.
• Completed a $4,117,461 new lease transaction with a vehicle parts manufacturer in the midwestern U.S. The manufacturer will use the financing for operational equipment.
• Completed a $10,941,600 new lease transaction with a fuel cell systems manufacturer in the northeastern U.S. The manufacturer will use the financing for capital equipment.

Crestmark Vendor Finance funded $6,111,586 in 79 new transactions in the second half of September, including:

• A lease transaction with a packaging company in the northwestern U.S. The company will use the financing for essential equipment.
• An equipment finance transaction with a transportation company in the southeastern U.S. The company will use the financing for transportation equipment.
• A new equipment finance transaction with a rental company in the northwestern U.S. The company will use the financing for essential equipment.
• A new lease transaction with a milling company in the midwestern U.S. The company will use the financing for operational equipment.

Crestmark’s Asset-Based Lending

• Provide a $150,000 accounts receivable purchase facility to a Virginia-based transportation company, which will use the financing for working capital purposes.
• Provided a $150,000 accounts receivable purchase facility to a Florida-based power-only load transportation company, which will use the financing for working capital purposes.
• Provided a $150,000 accounts receivable purchase facility to a Mississippi freight all kinds transportation company, which will use the financing for working capital purposes.
• Provided a $500,000 accounts receivable purchase facility to a Texas-based oilfield transportation services provider, which will use the financing for working capital purposes.
• Provided an $8 million ledgered line of credit facility to a California-based bulk distributor of dry ingredients, which will use the financing for working capital purposes.
• Provided a C$2 million ledgered line of credit facility to an Ontario-based transportation company, which will use the financing to pay off an existing lender and for working capital purposes.
• Provided a $500,000 accounts receivable purchase facility to a Texas-based performance and safety assurance services group, which will use the financing for working capital purposes.
• Provided a $150,000 accounts receivable purchase facility to a South Carolina-based flatbed transportation company, which will use the financing for working capital purposes.
• Provided a $3 million ledgered line of credit facility to an Indiana-based full-service transportation company, which will use the financing to pay off an existing lender and for working capital purposes.
• Provided a $1.75 million accounts receivable purchase facility to a Michigan-based transportation company, which will use the financing to pay off an existing lender and for working capital purposes.

Government Guaranteed Lending

• Provided a $535,000 SBA 7(a) term loan facility to a North Carolina-based healthcare benefits advocacy group, which will use the financing for acquisition purposes.
• Provided a $3.7 million construction loan facility to a California-based solar developer, which will use the financing for working capital purposes.
• Provided a $415,000 SBA 7(a) term loan facility to a Florida-based landscape management company, which will use the financing for acquisition and working capital purposes.
• Provided a $325,000 SBA 7(a) term loan facility to a Louisiana-based investment advisory firm, which will use the financing for acquisition and working capital purposes.
• Provided construction loan facilities totaling $33,616,600 to four North Carolina-based solar developers. The developers will use the financing for working capital purposes.
• Provided a $3.335 million SBA 7(a) term loan facility to a Florida-based independent insurance agency, which will use the financing to pay off an existing lender and for working capital purposes.
• Provided a $640,000 SBA 7(a) term loan facility to a California-based independent insurance agency, which will use the financing to pay off an existing lender and for working capital purposes.
• Provided a $1.035 million SBA 7(a) term loan facility to a New York-based independent insurance agency, which will use the financing for acquisition and working capital purposes.
• Provided a $100,000 SBA 7(a) term loan facility to a Texas-based independent insurance agency, which will use the financing to pay off an existing lender and for working capital purposes.
• Provided a $1.175 million SBA 7(a) term loan facility to a Florida-based specialty insurance provider, which will use the financing for acquisition purposes.
• Provided a $525,000 SBA 7(a) term loan facility to an Arizona-based plumbing company, which will use the financing for acquisition and working capital purposes.
• Provided a $360,000 SBA 7(a) term loan facility for an Ohio-based transmission and auto parts services company, which will use the financing for acquisition purposes.
• Provided a $21.07 million construction loan facility to a Georgia-based solar developer, which will use the financing for working capital purposes.