Crestmark Equipment Finance provided $20.2 million in 13 new transactions; Crestmark Vendor Finance provided $3.6 million in 42 new transactions; the Government Guaranteed Lending group provided $28.7 million in financing for six new clients; the Joint Ventures group provided $10.3 million in four new transactions and Crestmark secured a total of $18.7 million in ABL/factoring financial solutions for 17 new clients in the second half of June.

Equipment Finance transactions included, but were not limited to:

• A government agency in the eastern U.S. for IT equipment
• A machinery manufacturer in the northeastern U.S. for capital equipment
• A nutrition company in the midwestern U.S. for capital equipment
• A sporting goods retailer in the midwestern U.S. for capital equipment

Vendor Finance equipment finance transactions included, but were not limited to:

• An industrial company in the southwestern U.S. for transportation equipment
• A trucking company in the midwestern U.S. for transportation equipment
• A drilling and blasting company in the southwestern U.S. for transportation equipment
• A medical company in the western U.S. for medical equipment

Government Guaranteed Lending financial solutions, to be used for various purposes such as acquisition, working capital, and more included:

• $10,000,000 term loan to a renewable energy company in California
• $9,025,000 term loan to a solar developer in Missouri
• $5,000,000 SBA 7(a) loan and $200,000 conventional loan to a hospitality company in Texas
• $3,400,000 term loan to a solar developer in Pennsylvania
• $790,000 SBA 7(a) loan to an automotive services company in California
• $251,000 conventional loan to an independent insurance agency in Kentucky

Joint Ventures financial solutions included:

• Two operating leases totaling $6,656,840 to a solar developer in Maryland
• $2,830,000 term loan to a lumber producer in Michigan
• $770,000 operating lease to a solar developer in New York

Asset-Based Lending and Factoring financial solutions to be used for various purposes such as working capital and to pay off an existing lender included:

Accounts Receivable facilities:

• $2,000,000 to a freight-all-kinds trucking company in Kentucky
• $1,500,000 to a refrigerated trucking company in California
• $1,000,000 to a tools supply company in Texas
• $750,000 to a refrigerated transportation company in Arkansas
• $500,000 to a transportation company in North Carolina
• $300,000 to a trucking company in California
• $250,000 to a transportation company in Arizona
• $250,000 to a nationwide transportation company in California
• $200,000 to a power-only carrier in Missouri
• $150,000 to a trucking company in Florida
• $150,000 to a refrigerated trucking company in Wisconsin
• $150,000 to a dry van trucking company in Pennsylvania
• $150,000 to a trucking company in Michigan
• $150,000 to a dry van trucking company in Florida

Ledgered Line of Credit facilities:

• $8,000,000 to a consumer and industrial goods manufacturer in Pennsylvania
• $2,000,000 to an advanced technology manufacturer in California
• C$1,300,000 and $200,000 to a transportation company in Ontario, Canada