Crestmark Equipment Finance provided $2.27 million in two new lease transactions, Crestmark Vendor Finance provided $8.64 million in 90 new lease transactions, Crestmark’s Government Guaranteed Lending group provided $5.97 million in financing for two new clients and Crestmark secured a total of $14.34 million in ABL financial solutions for 11 new clients in the second half of May.

Crestmark Equipment Finance

• $1.22 million new lease transaction with an equipment supplier in the western U.S. for capital equipment.
• $1.05 million new lease transaction with a heavy equipment supplier in the western U.S. for construction equipment.

Crestmark Vendor Finance funded $8.64 million in 90 new transactions in the second half of May. Some highlights include:

• An equipment finance transaction with a distribution company in the southeastern U.S. for operational equipment.
• An equipment finance transaction with a surgical office in the southeastern U.S. for medical equipment.
• A new equipment finance transaction with an excavation company in the northeastern U.S. for operational equipment.
• A new equipment finance transaction with a logistics company in the northwestern U.S. for transportation equipment.

The Government Guaranteed Lending Division

• A $1.19 million SBA 7(a) term loan facility to a restaurant in New Jersey for acquisition and working capital purposes.
• A $4.77 term loan facility to an asset management company in California used for acquisition and working capital purposes.

Crestmark’s Asset-Based Lending Division

• $9.75 million asset-based line of credit facility to a lighting conversion program provider in Michigan to pay off an existing lender and for working capital purposes.
• $1.44 million ledgered line of credit facility to an advertising and marketing company in Ontario to pay off an existing lender.
• $150,000 accounts receivable purchase facility to a dry van trucking company in New Jersey for working capital purposes.
• $200,000 accounts receivable purchase facility to a flatbed trucking company in California to pay off an existing lender and for working capital purposes.
• $1 million accounts receivable purchase facility to a brokered freight all kind transport company in Colorado to pay off an existing lender and for working capital purposes.
• $150,000 accounts receivable purchase facility to a startup trucking company in Illinois for working capital purposes.
• $150,000 accounts receivable purchase facility to a refrigerated and dry van trucking company in Texas for working capital purposes.
• $300,000 accounts receivable purchase facility to a freight all kind transportation company in California for working capital purposes.
• $500,000 ledgered line of credit facility to a plastic injection molding manufacturer in California for working capital purposes.
• $200,000 accounts receivable purchase facility to a freight all kind transport company in Indiana for working capital purposes.
• $500,000 accounts receivable purchase facility to a trucking company in Georgia for working capital purposes.