Crestmark Equipment Finance provided $24.53 million in 10 new lease transactions, Crestmark Vendor Finance provided $5,580,236 in 56 new lease transactions, the Government Guaranteed Lending Division provided $5.22 million in financing for three new clients and Crestmark secured a total of $6.3 million in ABL financial solutions for nine new clients in the first half of February.

Crestmark Equipment Finance:

• $2.3 million new lease transaction with a solar contractor in the northeastern U.S. for solar equipment
• $901,681 new lease transaction with a manufacturing company in the western U.S. for capital equipment
• $529,536 new lease transaction with an IT solutions provider in the western U.S. for IT equipment
• $798,340 new lease transaction with an IT solutions provider in the midwestern U.S. for networking equipment
• Two new lease transactions totaling $1.5 million with an energy management company in the midwestern U.S. for IT equipment
• $753,592 new lease transaction with a fitness club in the northeastern U.S. for fitness equipment
• $2.3 million new lease transaction with a technology services provider in the southern U.S. for capital equipment
• $994,451 new lease transaction with a manufacturer of industrial textiles in the northeastern U.S. for solar equipment
• $14.4 million sale-leaseback transaction with a fuel cell solutions provider in the northeastern U.S. to support waste stream produced biogas, with generated electricity going to a utility offtaker.

Crestmark Vendor Finance funded $5.58 million in 56 new lease transactions in the first half of February. Some highlights include:

• An equipment finance transaction with a metrology company in the western U.S. for testing equipment
• A new equipment finance transaction with a logistics company in the western U.S. for racking equipment
• A new equipment finance agreement with a weight loss center in the southeastern U.S. for capital equipment
• A new equipment finance transaction with a contractor in the southeastern U.S. for a generator

The Government Guaranteed Lending Division:

• $4.82 million term loan facility to a solar developer in Oregon for working capital purposes
• $94,019 term loan facility to an insurance agency provider in Florida for acquisition purposes
• $310,000 term loan facility to a software developer in California for working capital purposes.

Crestmark’s Asset-Based Lending Divisions:

• $150,000 accounts receivable purchase facility to a startup trucking company in Oklahoma for working capital purposes
• $1 million ledgered line of credit facility to a propane equipment distributor in North Carolina to pay off an existing lender and for working capital purposes
• $4 million accounts receivable purchase facility to a FAK trucking company in Michigan to pay off an existing lender and for working capital purposes
• $300,000 accounts receivable purchase facility to a dry van trucking company in Michigan for working capital purposes
• $150,000 accounts receivable purchase facility was provided to an oilfield services trucking company in New Mexico. The financing will be used for working capital purposes.
• $200,000 accounts receivable purchase facility to a flatbed trucking company in Illinois for working capital purposes
• $150,000 accounts receivable purchase facility to a trucking company in Ohio for working capital purposes
• $200,000 accounts receivable purchase facility to an FAK trucking company in Ohio for working capital purposes
• $150,000 accounts receivable purchase facility to a refrigerated FAK trucking company in Washington for working capital purposes