Crestmark Equipment Finance Provides More Than $6MM in H1/Oct



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

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com