Crestmark Equipment Finance provided $20.7 million in 10 new lease transactions, Crestmark Vendor Finance provided $7.78 million in 70 new lease transactions, the Joint Ventures Division provided $2.32 million in financing for one client, the Government Guaranteed Lending Division provided $11.86 million in financing for two new clients, and Crestmark secured a total of $12 million in ABL financial solutions for five new clients in the first half of January.

Crestmark Equipment Finance:

• $5.88 million new lease transaction with a fuel cell company in the Northeastern U.S. for capital equipment
• $562,990 new lease transaction with a medical services provider in the Midwestern U.S. for IT equipment
• $795,201 new lease transaction with a storage solutions company in the Southeastern U.S. The financing will be used for capital equipment.
• $766,889 new lease transaction was completed with a pawn shop operator in the southern U.S. for capital equipment
  two new lease transactions totaling $4.77 million with a food distributor in the Northeastern U.S. for transportation equipment
• $1.05 million new lease transaction with a provider of technology and data analytics services in the Southern U.S. for capital equipment
• $1.0 million new lease transaction with a consumer goods company in the Northeastern U.S. for software
• $693,911 new lease transaction with a flooring manufacturer in the Northeastern U.S. for software
• $5.22 million new lease transaction with a cosmetics company in the Northeastern U.S. for software

Crestmark Vendor Finance funded $7.78 million in 70 new lease transactions for 68 clients in the first half of January. Some highlights include:

• A new equipment finance transaction with a medical spa in the Southwestern U.S. for medical equipment
• A new lease agreement with a laboratory in the Midwestern U.S. for laboratory equipment
• A new equipment finance agreement with an outdoor services company in the Southeastern U.S. for transportation equipment
• A new equipment finance transaction with a medical office in the Southwestern U.S. for medical equipment

The Joint Ventures Division:

• $2.3 million operating lease transaction with a solar developer in Vermont for a 750 KW DC solar farm in Vermont, which has a local school district and township as the offtaker

The Government Guaranteed Lending Division:

• $9.95 million USDA Business & Industry loan facility to a hospitality company in Georgia for working capital purposes
• $1.915 million SBA 7(a) term loan facility to a financial advisory firm in Connecticut on Jan. 6. for acquisition and for working capital purposes

Crestmark’s Asset-Based Lending Divisions:

• $2 million A/R purchase facility to a trucking company in Michigan for working capital purposes
• $1 million A/R purchase facility to a trucking company in North Carolina for working capital purposes
• $7.5 million asset-based line of credit facility to a communications equipment company in Missouri to pay off an existing lender and for acquisition purposes.
• $1 million ledgered line of credit facility to a trucking company in Texas for working capital purposes
• $500,000 A/R purchase facility to a trucking company in Idaho for working capital purposes