Crestmark Equipment Finance provided $18,189,322 in eight new lease transactions, Crestmark secured a total of $6.973 million in ABL financial solutions for four new clients and Crestmark’s government guaranteed lending group provided $2.215 million in financing for two new clients in the first half of September.

Crestmark Equipment Finance

• Completed a $1,082,049 new lease transaction with a managed service provider in the midwestern U.S. The provider will use the financing for IT equipment.
• Completed a $1,656,908 new lease transaction with a medical services provider in the northeastern U.S. The provider will use the financing for medical equipment.
• Completed a $590,895 new lease transaction with a railroad equipment manufacturer in the southern U.S. The manufacturer will use the financing for operational equipment.
• Completed a $6,241,359 new lease transaction with an airline in the southern U.S. The airline will use the financing for IT equipment.
• Completed a $4.7 million new lease transaction with a food distributor in the midwestern U.S. The distributor will use the financing for operational equipment.
• Completed a $955,744 new lease transaction with an energy management company in the midwestern U.S. The company will use the financing for IT equipment.
• Completed a $1,352,952 new lease transaction with a telecommunications company in the northwestern U.S. The company will use the financing for operational equipment.
• Completed a $1,609,415 new lease transaction with a global manufacturing company in the midwestern U.S. The company will use the financing for IT equipment.

Crestmark’s Asset-Based Lending

• Provided a $150,000 accounts receivable purchase facility to a Florida-based transportation company, which will use the financing for working capital purposes.
• Provided a $300,000 accounts receivable purchase facility to an Illinois-based staffing services company, which will use the financing to pay off an existing lender and for working capital purposes.
• Provided a $1.523 million ledgered line of credit facility to a loading and conveyance systems manufacturer in Ontario, Canada. The manufacturer will use the financing to pay off an existing lender and for working capital purposes.
• Provided a $5 million ledgered line of credit facility to a California-based developer of monitoring and healthcare devices, which will use the financing for working capital purposes.

Government Guaranteed Lending

• Provided a $1.35 million SBA 7(a) term loan facility to a Texas-based independent insurance agency, which will use the financing for acquisition purposes.
• Provided a $865,000 SBA 7(a) term loan facility to a Texas-based independent insurance agency, which will use the financing for acquisition purposes.