Crestmark Equipment Finance provided $25.9 million in 14 new lease transactions, Crestmark Vendor Finance provided $8.26 million in 77 new lease transactions, the Joint Ventures Division provided $12.25 million in financing for one new client and Crestmark secured a total of $2 million in ABL financial solutions for six new clients in the second half of December.

Crestmark Equipment Finance:

• $952,525 new lease transaction with a manufacturer of building products in the Southern U.S. for capital equipment
• $7 million new lease transaction with a producer of wholesale fuel in the Northwestern U.S. for capital equipment
• Two new lease transactions totaling $7.88 million with a producer of industrial sand in the Southern U.S. for capital equipment
• Two new lease transactions totaling $1.5 million with a fitness club in the Northeastern U.S. for capital equipment
• $954,699 new lease transaction with a rental services company in the Southeastern U.S. for capital equipment
• $982,551 new lease transaction with a fitness club in the Southwestern U.S. for capital equipment
• Three new lease transactions totaling $1.87 million with a provider of infrastructure services in the Northeastern U.S. for transportation equipment
• $2.48 million new lease transaction with a food manufacturer in the Midwestern U.S. for software
• $1.75 million new lease transaction with a cosmetics company in the Northeastern U.S. for capital equipment
• $529,663 new lease transaction was completed with a staffing company in the northeastern U.S. on Dec. 20. The financing will be used for leasehold improvements.

Crestmark Vendor Finance funded $8.26 million in 77 new lease transactions for 76 clients in the second half of December. Some highlights include:

• A new equipment finance transaction with an audio-visual company in the Southeastern U.S. for capital equipment
• A new equipment finance agreement with a trucking company in the Western U.S. for transportation equipment
• A new equipment finance agreement with a farm in the Southeastern U.S. for heavy equipment
• A new equipment finance transaction with a coffee company in the Midwestern U.S. for capital equipment

The Joint Ventures Division:

• $12.25 million operating lease transaction with a solar developer in Arizona for a 7.18 MW DC solar farm in North Carolina, which has a utility as the offtaker

Crestmark’s Asset-Based Lending Divisions:

• $250,000 A/R purchase facility to a trucking company in California for working capital purposes
• $200,000 A/R purchase facility to a startup trucking company in California for working capital purposes
• $150,000 A/R purchase facility to a trucking company in Florida for working capital purposes
• $1 million A/R purchase facility to a startup staffing company in Michigan for working capital purposes
• $100,000 A/R purchase facility to a trucking company in Iowa for working capital purposes
• $300,000 A/R purchase facility to a trucking company in California for working capital purposes