Crestmark Equipment Finance provided $5,439,199 in nine new transactions and Crestmark Vendor Finance provided $2,367,322 in 25 new transactions in the second half of October. In addition, Crestmark secured a total of $18,247,152 in asset-based lending and factoring financial solutions for 16 new clients and Crestmark’s government guaranteed lending group provided $15.425 million in financing for one new client.
Crestmark Vendor Finance equipment finance transactions included but were not limited to:
Asset-based lending and factoring financial solutions to be used for various purposes, such as working capital and to pay off existing lenders, included:
Crestmark’s government guaranteed lending group provided participations of $5.425 million and $10 million in a combined $30.85 million term and non-revolving line of credit funding to an investment advisory firm in Missouri.