Crestmark Equipment Finance provided $30,768,825 in 15 new transactions and Crestmark Vendor Finance provided $6,544,102 in 57 new transactions in the second half of March. In addition, Crestmark secured a total of $15.15 million in asset-based lending/factoring financial solutions for seven new clients and Crestmark’s government guaranteed lending group provided $18,126,800 in financing for four new clients.

Crestmark Equipment Finance funded $30,768,825 in 15 new lease transactions in the second half of March. Some highlights include:

• A $6,490,869 new lease transaction with a machinery manufacturer in the northeastern U.S. The financing will be used for capital equipment.
• A $5.7 million new lease transaction with a semiconductor products producer in the western U.S. The financing will be used for alternative energy equipment.
• A $5,331,045 new lease transaction with a food wholesaler in the northeastern U.S. The financing will be used for transportation equipment.
• A $7,589,927 new lease transaction with a retail company in the midwestern U.S. The financing will be used for operational equipment.

Crestmark Vendor Finance funded $6,544,102 in 57 new transactions in the second half of March. Some highlights include:

• An equipment finance transaction with a flag and banner company in the southeastern U.S. The financing will be used for operational equipment.
• An equipment finance transaction with a medical provider in the southeastern U.S. The financing will be used for essential equipment.
• A new equipment finance transaction with a farm in the midwestern U.S. The financing will be used for operational equipment.
• A new equipment finance transaction with a transportation company in the southeastern 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 a Missouri-based dry van transportation company, which will use the financing for working capital purposes
• Provided a $150,000 accounts receivable purchase facility to a Florida-based trucking company, which will use the financing for working capital purposes
• Provided a $150,000 accounts receivable purchase facility to a Michigan-based freight broker, which will use the financing for working capital purposes
• Provided a $500,000 accounts receivable purchase facility to an Alabama-based freight-all-kinds trucking company, which will use the financing to pay off an existing lender and for working capital purposes
• Provided a $150,000 accounts receivable purchase facility to a Maryland-based transportation company, which will use the financing to pay off an existing lender and for working capital purposes
• Provided a $5 million asset-based line of credit facility to a Wisconsin-based metallurgical services provider, which will use the financing to pay off an existing lender and for working capital purposes
• Provided a $9 million asset-based line of credit facility to a Missouri-based construction products distributor, which will use the financing to pay off an existing lender and for working capital purposes

Crestmark’s Government Guaranteed Lending Group

• Provided an $800,000 SBA 7(a) term loan facility to a Utah-based gourmet cookie delivery company, which will use the financing for acquisition and working capital purposes
• Provided a $2.1 million term loan facility to a California-based wealth advisory firm, which will use the financing for acquisition and working capital purposes
• Provided a $15 million USDA Business & Industry loan to a North Carolina-based solar developer, which will use the financing for construction purposes
• Provided a $226,800 term loan facility to a Michigan-based, independent insurance agency, which will use the financing for acquisition and working capital purposes