Crestmark Equipment Finance provided $10,080,680 in 11 new large-ticket transactions and $2,320,351 in 20 new small-ticket vendor transactions in the second half of April. In addition, Crestmark secured $12,801,160 in asset-based lending and factoring financial solutions for 11 new clients and Crestmark’s structured finance group provided $1.6 million in financing for one new client.

Crestmark Equipment Finance’s transactions included:

• $5,779,874 to a freight transportation company in the southern United States for operational equipment
• A small-ticket vendor equipment finance transaction for a trucking company in the western United States for transportation equipment
• A small-ticket vendor equipment finance transaction for an oil and gas services company in the southern United States for transportation equipment
• A small-ticket vendor equipment finance transaction for a pool construction company in the western United States for transportation equipment
• A small-ticket vendor equipment finance transaction for a farming company in the southern United States for construction equipment

Crestmark provided the following asset-based lending and factoring financial solutions:

• A $4 million ledgered line of credit facility to a chemical manufacturer in Alberta
• A $3.25 million ledgered line of credit facility to a machining shop and foundry in Illinois
• A $3 million ledgered line of credit facility to a bottling and distribution company in Florida
• A $1 million ledgered line of credit facility to an oil and gas staffing services company in California
• A $750,000 accounts receivable facility to a dry freight transportation company in California
• A $700,000 accounts receivable facility to a dry freight transportation company in California
• A $300,000 accounts receivable facility to a refrigerated trucking company in Texas
• A $150,000 accounts receivable facility to a dry freight transportation company in California
• A $150,000 accounts receivable facility to a power only trucking company in Georgia
• A $150,000 accounts receivable facility to a power only trucking company in South Carolina
• A $150,000 accounts receivable facility to a regional transportation company in Maryland

Crestmark provided the following structured finance solution, which will be used for various purposes, such as for acquisitions and working capital:

• A $1.6 million term loan to a solar developer in California