Crestmark provided more than $32.5 million in commercial financing to 95 businesses in the second half of November 2019.

This included a total of $6.4 million in ABL financial solutions for seven new clients; $8,866,343 in seven new lease transactions from Crestmark Equipment Finance; $6,374,126 in 81 new lease transactions from Crestmark Vendor Finance; and $10,875,000 in financing for two new clients from the Government Guaranteed Lending Division.

The transactions included:

From Crestmark Equipment Finance:

• Three new lease transactions totaling $2,628,464 for an energy management company in the midwestern U.S. for IT equipment
• $1,887,276 new lease transaction for a cable provider in the western U.S. for IT equipment
• $1,126,134 new lease transaction for an IT solutions provider in the midwestern U.S. for IT equipment
• $624,203 new lease transaction for a ski resort in the western U.S. for capital equipment
• $2,600,266 new lease transaction for an energy company in the southeastern U.S. for capital equipment

From Crestmark Vendor Finance:

• $6,374,126 in 81 new lease transactions including:

• A new equipment finance transaction for a land clearing company in the southeastern U.S. for heavy equipment
• A new equipment finance agreement for a landscaping and garden supply company in the northeastern U.S. to pay off an existing lender
• A new lease agreement for a warehousing company in the northeastern U.S. for machinery
• A new equipment finance transaction for an equipment rental company in the western U.S. for heavy equipment

From Crestmark’s Asset-Based Lending Divisions:

• $500,000 A/R purchase facility for a startup trucking company in Minnesota for working capital purposes
• $1.9 million A/R purchase facility for to a trucking company in Washington for working capital purposes
• $150,000 A/R purchase facility for a startup trucking company in Maryland for working capital purposes
• $500,000 A/R purchase facility for a trucking company in Nevada for working capital purposes
• $200,000 A/R purchase facility for a trucking company in California working capital purposes
• $150,000 A/R purchase facility for a trucking company in Washington for working capital purposes
• $3 million asset-based line of credit facility for a screen-printing company in Washington to pay off an existing lender and for working capital purposes

From the Government Guaranteed Lending Division:

• $9.55 million USDA Business & Industry loan facility for a hospitality management company in Georgia for working capital purposes
• $1.325 million term loan for a financial services franchisee in California to pay off an existing lender and for working capital purposes