Crestmark Equipment Finance provided $6,086,672 in 23 new transactions and Crestmark Vendor Finance provided $4,050,096 in 39 new transactions in the first half of October. In addition, Crestmark secured a total of $11.7 million in asset-based lending and factoring financial solutions for 13 new clients and Crestmark’s government guaranteed lending group provided $910,000 in financing for one new client.

Crestmark Equipment Finance transactions included but were not limited to:

• An HVAC contracting company in the Midwestern U.S. for construction equipment

Crestmark Vendor Finance transactions included but were not limited to:

• A transportation company in the Midwestern U.S. for transportation equipment
• A fitness company in the Southeastern U.S. for fitness equipment
• A medical company in the Southeastern U.S. for medical equipment
• A recycling company in the southern U.S. for operational equipment

Asset-based lending and factoring financial solutions to be used for various purposes, such as working capital and to pay off existing lenders, included:

• A $300,000 accounts receivable facility to a freight all kinds trucking company in Tennessee
• A $300,000 accounts receivable facility to a refrigerated transport company in South Carolina
• A $250,000 accounts receivable facility to a freight all kinds trucking company in Michigan
• A $150,000 accounts receivable facility to a dry van trucking company in Virginia
• A $150,000 accounts receivable facility to a dry van trucking company in New Jersey
• A $150,000 accounts receivable facility to a flatbed trucking company in Oklahoma
• A $150,000 accounts receivable facility to a power-only transport company in Alabama
• A $150,000 accounts receivable facility to a regional transportation company in North Carolina
• A $100,000 accounts receivable facility to a refrigerated transport company in South Carolina
• A $2 million asset-based lending facility to an industrial services contractor in Louisiana
• A $3 million ledgered line of credit facility to a well servicing company in Michigan
• A $2.5 million ledgered line of credit facility to a specialty chemicals provider in Texas
• A $2.5 million ledgered line of credit facility to a ready-mix concrete supplier in Alabama

Government guaranteed lending financial solutions to be used for various purposes, such as acquisition and working capital, included:

• A $910,000 SBA 7(a) loan to an independent insurance agency in Florida