Crestmark Equipment Finance provided $2,309,779 in two new lease transactions and Crestmark Vendor Finance provided $8,572,042 in 117 new transactions in the first half of October. In addition, Crestmark secured a total of $30,557,358 in ABL financial solutions for 13 new clients and Crestmark’s government guaranteed lending group provided $9,396,250 in financing for three new clients.

Crestmark Equipment Finance

• Completed a $1,403,465 new lease transaction with a mortgage company in the northeastern U.S. The company will use the financing for IT equipment.
• Completed a $906,314 new lease transaction with a financial services provider in the eastern U.S. The provider will use the financing for operational equipment.

Crestmark Vendor Finance funded $8,572,042 in 117 new transactions in the first half of October, including:

• An equipment finance transaction with a construction company in the northeastern U.S. The company will use the financing for transportation equipment.
• An equipment finance transaction with a towing company in the midwestern U.S. The company will use the financing for essential equipment.
• A new equipment finance transaction with a biotechnology company in the northwestern U.S. The company will use the financing for essential equipment.
• A new equipment finance transaction with a transportation company in the northwestern U.S. The company will use the financing for transportation equipment.

Crestmark’s Asset-Based Lending

• Provided a C$1.4 million ($1.06 million) ledgered line of credit facility to a long-distance refrigerated transportation company in British Columbia, Canada. The company will use the financing to pay off an existing lender and for working capital purposes.
• Provided a $350,000 accounts receivable purchase facility to a Kentucky-based freight all kinds (FAK) transportation company, which will use the financing for working capital purposes.
• Provided a $13 million asset-based lending facility to a Texas-based chemicals packaging and distribution company, which will use the financing to pay off an existing lender and for working capital purposes.
• Provided a $9 million asset-based lending facility to an Alabama-based designer and manufacturer of hearth products, which will use the financing to pay off an existing lender.
• Provided a $125,000 accounts receivable purchase facility to a California-based refrigerated transport company, which will use the financing for working capital purposes.
• Provided a $300,000 accounts receivable purchase facility to a Nebraska-based flatbed transportation company, which will use the financing for working capital purposes.
• Provided a $2 million ledgered line of credit facility to a Washington-based technology-based services provider, which will use the financing for working capital purposes.
• Provided a $150,000 accounts receivable purchase facility to a Texas-based refrigerated FAK transportation company, which will use the financing for working capital purposes.
• Provided a C$1.2 million ($910,000) ledgered line of credit facility to a transportation company in British Columbia, Canada. The company will use the financing to pay off an existing lender and for working capital purposes.
• Provided a $150,000 accounts receivable purchase facility to a North Carolina-based dry van transportation company, which will use the financing for working capital purposes.
• Provided a $225,000 accounts receivable purchase facility to a South Carolina-based transportation company, which will use the financing for working capital purposes.
• Provided a $3 million asset-based lending facility to a New Jersey-based specialty pharmaceuticals company, which will use the financing to pay off an existing lender and for working capital purposes.
• Provided a $300,000 accounts receivable purchase facility to an Ohio-based refrigerated transportation company, which will use the financing for working capital purposes.

Government Guaranteed Lending

• Provided an $830,000 SBA 7(a) term loan facility to a Kentucky-based independent insurance agency, which will use the financing for acquisition and for working capital purposes.
• Provided a $2,486,250 term loan facility to a Colorado-based financial advisory firm, which will use the financing for acquisition purposes.
• Provided a $6.08 million term loan facility to a Washington-based insurance and financial services company, which will use the financing for acquisition and for working capital purposes.