Crestmark Equipment Finance provided $3.65 million in five new lease transactions, Crestmark Vendor Finance provided $5.05 million in 63 new lease transactions, the Government Guaranteed Lending Division provided $1.42 million in financing for one new client and Crestmark secured a total of $13.9 million in ABL financial solutions for eight new clients in the second half of March.

Crestmark Equipment Finance:

• $672,465 new lease transaction with a marketing and business services company in the midwestern U.S. for IT equipment.
• $994,735 new lease transaction with a healthcare services provider in the western U.S. for transportation equipment.
• Two new lease transactions totaling $1.3 million with a supply chain management company in the southeastern U.S. for capital equipment and forklifts.
• $661,090 new lease transaction with a food distribution company in the northeastern U.S. for transportation equipment.

Crestmark Vendor Finance funded $5.05 million in 63 new lease transactions in the second half of March. Some highlights include:

• A new lease transaction with a logistics company in the northwestern U.S. for a racking system.
• A new equipment finance transaction with a wellness institute in the southwestern U.S. for capital equipment.
• A new equipment financing transaction with a pharmaceutical company in the northeastern U.S. for capital equipment.
• A new equipment finance transaction with an auto body and towing company in the northwestern U.S. for a new truck.

The Government Guaranteed Lending Division:

• $1.4 million term loan facility to a wealth advisory firm in New Jersey for working capital purposes.

Crestmark’s Asset-Based Lending Divisions:

• $750,000 ledgered line of credit facility to an oil and gas transportation services company in Texas to pay off an existing lender and for working capital purposes.
• $8 million asset-based line of credit facility to a steel products provider in Indiana to pay off an existing lender and for working capital purposes.
• $600,000 accounts receivable purchase facility to a freight brokerage company in Illinois for working capital purposes.
• $600,000 ledgered line of credit facility to a health services provider in California to pay off an existing lender.
• $150,000 accounts receivable purchase facility to a start-up trucking company in North Carolina for working capital purposes.
• $300,000 accounts receivable purchase facility to a flatbed FAK trucking company in Massachusetts for working capital purposes.
• $2 million ledgered line of credit facility to an automotive supplier in Michigan for working capital purposes.
• $1.5 million ledgered line of credit facility to an oil and gas transportation services company in Texas to pay off an existing lender and for working capital purposes.