Crestmark Provides More Than $49.4MM in Commercial Financing in H1/March



Crestmark Equipment Finance provided $13.76 million in six new lease transactions; Crestmark Vendor Finance provided $5.5 million in 52 new lease transactions, the Government Guaranteed Lending Division provided $9.9 million in financing for five new clients and Crestmark secured a total of $20.25 million in ABL financial solutions for seven new clients in the first half of March.

Crestmark Equipment Finance:

  • $1.2 million new lease transaction with a manufacturing company in the midwestern U.S. for capital equipment
  • $1.15 million new lease transaction with an outsourcing technology services provider in the southern U.S. for capital equipment
  • $757,540 new lease transaction with a fitness center in the eastern U.S. for fitness equipment
  • $8.78 million new lease transaction with a thermal coal producer in the midwestern U.S. for capital equipment
  • $1.23 million new lease transaction with a produce distributor in the eastern U.S. for trucks
  • $601,214 new lease transaction with an intermodal solutions provider in the midwestern U.S. for capital equipment

Crestmark Vendor Finance funded $5,524,480 in 52 new lease transactions in the first half of March. Some highlights include:

  • A new equipment finance transaction with a logistics company in the western U.S. for trailers
  • A new equipment finance transaction with a physician in the northeastern U.S. for capital equipment
  • A new equipment finance transaction with a construction company in the western U.S. for a yard dump truck
  • A new equipment finance transaction with a limousine company in the northeastern U.S. for a new vehicle

The Government Guaranteed Lending Division:

  • $4.175 million SBA 7(a) term loan facility to a structural framing developer in New Jersey for working capital purposes
  • $3.825 million Crestmark term loan facility to a wealth management services company in Connecticut for acquisition and for working capital purposes
  • $150,000 SBA 7(a) term loan facility to an investment management company in California for working capital purposes
  • $1.6 million Crestmark term loan facility to a financial advisory firm in Ohio for acquisition and working capital purposes
  • $150,000 SBA 7(a) term loan facility to a property damage restoration company in Florida for working capital purposes

Crestmark’s Asset-Based Lending Divisions:

  • $500,000 accounts receivable purchase facilityto a specialized oversized-load transportation in Texas to pay off an existing lender and for working capital purposes
  • $250,000 accounts receivable purchase facility to a dry van transportation company in Washington for working capital purposes
  • $1 million ledgered line of credit facilityto a staffing company in California for working capital purposes
  • $1 million ledgered line of credit facility to a metal products manufacturer in Indiana to payoff an existing lender and for working capital purposes
  • $12.5 million ledgered line of credit facility to a water management services provider in Texas to pay off an existing lender and for working capital purposes
  • $2 million line of credit facility wto a prepaid card services provider in California for working capital purposes
  • $3 million ledgered line of credit facility to an oil & gas industrial services provider in Texas to payoff an existing lender and for working capital purposes.

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Terry Mulreany
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