Crestmark Equipment Finance provided more than $2 million in one new lease transaction; Crestmark Vendor Finance provided $7.87 million in 80 new lease transactions; Crestmark secured a total of $1.2 million in ABL financial solutions for five new clients and the Government Guaranteed Lending Division provided $40.55 million in financing for four new clients in the first half of December.

Crestmark Equipment Finance:

• $2 million new lease transaction with a laundry equipment supplier in the Northeastern U.S. for capital equipment

Crestmark Vendor Finance funded $7.87 million in 80 new lease transactions in the first half of December. Some highlights include:

• A new equipment finance transaction with a trucking company in the Western U.S. for transportation equipment
• A new equipment finance agreement with a delivery company in the Southeastern U.S. for transportation equipment
• A new equipment finance agreement with a dance studio in the Midwestern U.S. for flooring
• A new equipment finance transaction with a marketing and consulting company in the Western U.S. for IT equipment

Crestmark’s Asset-Based Lending Divisions:

• $150,000 accounts receivable purchase facility to a trucking company in Oklahoma for working capital purposes
• $600,000 accounts receivable purchase facility to a trucking company in Nevada for working capital purposes
• $100,000 accounts receivable purchase facility to a trucking company in Tennessee for working capital purposes
• $150,000 accounts receivable purchase facility to a startup trucking company in North Carolina for working capital purposes
• $200,000 accounts receivable purchase facility to a trucking company in Texas to pay off an existing lender

The Government Guaranteed Lending Division:

• $250,000 SBA 7(a) term loan facility to an investment advisory firm in Texas for working capital purposes
• $27.9 million term loan facility to a solar developer in North Carolina for working capital purposes
• $7.37 million term loan facility to a solar developer in California for working capital purposes
• $5 million USDA Business & Industry loan facility to a hospitality management company in Pennsylvania for acquisition and for working capital purposes