Crestmark Equipment Finance provided $24,477,897 in seven new transactions and Crestmark Vendor Finance provided $5,096,070 in 40 new transactions in the first half of February. In addition, Crestmark secured a total of $3,291,085 in asset-based lending and factoring solutions for 14 new clients.

Crestmark Equipment Finance’s transactions included:

• $13,464,568 to an airport services company in the Southeast for industrial equipment
• $4,166,208 to a coal mining company in the eastern United States for capital equipment
• $2,381,202 to a hardware supplier in the Midwest for IT equipment
  

Among the deals it closed in the first half of February, Crestmark Vendor Finance provided equipment finance transactions to:

• A construction company in the Southeast for operational equipment
• A transportation company in the southern United States for transportation equipment
• A medical company in the southern United States for transportation equipment
• A food manufacturing company in the Midwest for operational equipment

Crestmark provided the following asset-based lending and factoring financial solutions to be used for various purposes, such as working capital and to pay off existing lenders:

• $500,000 and C$500,000 ($392,010) accounts receivable facilities to an oil and gas services company in Alberta
• A $400,000 accounts receivable facility to a refrigerated trucking company in California
• A $300,000 accounts receivable facility to a freight-all-kinds trucking company in California
• A $300,000 accounts receivable facility to a dry van trucking company in California
• A $200,000 accounts receivable facility to an auto hauling company in Texas
• A $168,000 term loan facility to an investment company in Michigan
• A $150,000 accounts receivable facility to a flatbed trucking company in Texas
• A $150,000 accounts receivable facility to a refrigerated trucking company in Louisiana
• A $150,000 accounts receivable facility to a freight-all-kinds trucking company in North Carolina
• A $150,000 accounts receivable facility to a freight brokerage in North Carolina
• A $150,000 accounts receivable facility to a flatbed trucking company in Texas
• A $150,000 accounts receivable facility to a freight-all-kinds trucking company in Texas
• A $150,000 accounts receivable facility to a dry van trucking company in New Jersey
• A $150,000 accounts receivable facility to a freight-all-kinds trucking company in North Carolina