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.
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!