Crestmark provided $23.2 million in commercial financing to 86 businesses in the first half of November.

Crestmark Equipment Finance provided $12.1 million in four new lease transactions, including:

• $2.5 million new lease with a pharmaceutical company in the Northeastern U.S. for software
• $7.2 million new lease with an oil and gas services company in the Midwestern U.S. for capital equipment
• $942,214 new lease transaction with an oil and gas services company in the Eastern U.S. for capital equipment
• $1.45 million new lease transaction with a Fortune 500 company in the Midwestern U.S. for IT equipment

Crestmark Vendor Finance provided $6.7 million in 75 new lease transactions.

Crestmark’s Government Guaranteed Lending Division provided $900,000 in financing for one new client in the first half of November, including:

• $900,000 term loan facility was provided to an investment advisory firm in New Hampshire. The financing will be used for acquisition purposes.

Crestmark secured a total of $3.55 million in ABL financial solutions for six new clients, including:

• $150,000 A/R purchase facility to a startup trucking company in Montana for working capital purposes
• $2.5 million ledgered line of credit facility to a heavy equipment company that services the oil and gas industry in Texas to pay off an existing lender and for working capital purposes
• $300,000 A/R purchase facility to a trucking company in Ohio for working capital purposes
• $200,000 A/R purchase facility to a startup trucking company in Oklahoma for working capital purposes
• $250,000 A/R purchase facility to a trucking company in Louisiana for working capital purposes
• $150,000 A/R purchase facility to trucking company in Illinois for working capital purposes