In the second half of February, Crestmark Equipment Finance provided $15.95 million in nine new lease transactions. Crestmark Vendor Finance provided $4.24 million in 46 new lease transactions. Crestmark secured a total of $10.45 million in ABL financial solutions for five new clients, and its Government Guaranteed Lending Division provided $1,680,000 in financing for one new client.

Crestmark Equipment Finance:

• $3.2 million new lease transaction with a computer programming service in the northeastern U.S. for IT equipment
• $1.13 million new lease transaction with an acute healthcare provider in the northeastern U.S. on February 19 for medical equipment
• $951,602 new lease transaction with a petroleum product wholesaler in the midwestern U.S. for capital equipment
• $1.157 million new lease transaction with a network and communication service provider in the northeastern U.S. for networking equipment
• $1.08 million new lease transaction with an electronics health records company in the midwestern U.S. for IT equipment
• $3.14 million new lease transaction with an interior design company in the western U.S. for IT equipment
• $1.31 million new lease transaction with a mining company in the southern U.S. for construction equipment
• $1.48 million new lease transaction with an IT solutions provider in the midwestern U.S. for IT equipment
• $2.5 million new lease transaction with a construction company in the southern U.S. for construction equipment

Crestmark Vendor Finance:

• A new equipment finance transaction with a flooring company in the midwestern U.S. for capital equipment
• An equipment finance transaction with a transportation company in the northwestern U.S. for trailers
• A new lease transaction with a resort in the northeastern U.S. for IT equipment
• A new equipment finance transaction with a scaffolding installation company in the northeastern U.S. for capital equipment

Government Guaranteed Lending Division:

• $1.68 million term loan facility to a solar developer in California for capital expenditures

Crestmark’s Asset-Based Lending Divisions:

• $1.5 million accounts receivable purchase facility to a dry freight trucking company in California for working capital purposes
• $200,000 accounts receivable purchase facility to an FAK dry van trucking company in South Carolina for working capital purposes
• $6 million ledgered line of credit facility to a truck brokerage company in Florida for working capital purposes
• $750,000 accounts receivable purchase facility to an oil and gas services company in Texas for working capital purposes
• $2 million capital lease facility to an oil services company in Texas for acquisition and working capital purposes.