Crestmark Equipment Finance provided $6.1 million in six new lease transactions; Crestmark Vendor Finance provided $5.8 million in 54 new lease transactions; the Government Guaranteed Lending Division provided $5.295 million in financing for three new clients and Crestmark secured a total of $24.15 million ABL financial solutions for 14 new clients in the first half of April.
- Crestmark Equipment Finance:
- $613,074 new lease transaction with an automotive stamping company in the midwestern U.S. for capital equipment
- $2.767 million new lease transaction with an excavation contractor in the southwestern U.S. for construction equipment
- $616,264 new lease transaction with a non-profit community services organization in the northeastern U.S. for fitness equipment
- $572,000 new lease transaction with a medical sales & services company in the western U.S. for medical equipment.
- $657,852 new lease transaction with a local trucking and storage company in the southern U.S. for capital equipment
- $861,956 new lease transaction with a publication company in the southern U.S. for printing equipment
- Crestmark Vendor Finance funded $5.8 million in 54 new lease transactions in the first half of April. Some highlights include:
- An equipment finance transaction with a transportation company in the northwestern U.S. for capital equipment
- An equipment financing transaction with a recycling company in the midwestern U.S. for machinery
- A new equipment finance transaction with a logistics company in the northwestern U.S. for capital equipment
- A new equipment finance transaction with a golf course in the southwestern U.S. for landscaping equipment.
- The Government Guaranteed Lending Division:
- $685,000 term loan facility to an independent insurance agency in Michigan for working capital purposes.
- $3.56 million SBA 7(a) term loan facility to an independent insurance agency in Florida for acquisition and for working capital purposes
- $1.05 million SBA 7(a) term loan facility to a regional freight carrier in California for acquisition purposes
- Crestmark’s Asset-Based Lending Divisions:
- $1.75 million accounts receivable purchase facility to a nationwide FAK transportation company in Washington for working capital purposes
- $500,000 accounts receivable purchase facility to a transportation company in Massachusetts for working capital purposes
- $2.5 million accounts receivable purchase facility to a dry van transport company in California for working capital purposes
- $150,000 accounts receivable purchase facility to a refrigerated transport company in California for working capital purposes
- $150,000 accounts receivable purchase facility to a FAK trucking company in Wyoming for working capital purposes.
- $250,000 accounts receivable purchase facility to a flatbed trucking company in Massachusetts for working capital purposes.
- $5,500,000 asset-based line of credit facility to a wireless accessories distributor in California to pay off an existing lender and for working capital purposes.
- $150,000 accounts receivable purchase facility to a regional FAK transportation company in Oregon for working capital purposes
- $100,000 accounts receivable purchase facility to a regional FAK transportation company in Texas for working capital purposes
- $500,000 accounts receivable purchase facility to a warehousing company in California for working capital purposes
- $150,000 accounts receivable purchase facility to a start-up trucking company in Georgia for working capital purposes
- $150,000 accounts receivable purchase facility to a dry van trucking company in Texas for working capital purposes
- $300,000 accounts receivable purchase facility to a start-up trucking company in Wisconsin for working capital purposes.
- $12,000,000 ledgered line of credit facility to an air transport support and services company in Texas to pay off an existing lender and for working capital purposes
