Crestmark Secures More Than $67.5MM in Financing in H2/September

OCT 4, 2018 - 7:10 am

Crestmark provided more than $67.5 million in financing for 69 clients in the second half of September 2018.

In the Equipment Finance division:

$760,043 new lease transaction for a fitness club in the northeastern U.S. for capital equipment
$529,913 new lease transaction for a metal forming company in the mid-western U.S. for IT equipment

In Vendor Finance:

$4.44 million in 47 transactions

In the Government Guaranteed Lending division:

$810,000 term loan to an independent insurance agency in Florida to pay off an existing lender, and for acquisition and working capital purposes
$3.835 million term loan to an investment advisory firm in California to pay off an existing lender
$730,000 SBA 7(a) term loan to a startup fitness club in Florida for working capital purposes
$782,000 SBA 7(a) term loan to a soap manufacturer and distributor in North Carolina to pay off an existing lender and for working capital purposes
$125,000 SBA 7(a) term loan to a food wholesaler in North Carolina for working capital purposes
$3.865682 million solar construction term loan to a solar energy provider in South Carolina to construct a 2.99 MW DC utility-scale solar farm
$7.3 million solar construction term loan to a solar energy provider in Colorado to complete construction of a 5.6 MW DC utility-scale solar farm
$3.363044 solar construction term loan to a solar energy provider in North Carolina to complete construction of a 2.8 MW DC utility-scale solar farm
$12.599251 million solar construction term loan to a solar energy provider in South Carolina to complete the construction of a 10.47 MW DC utility-scale solar farm
$1.689006 million solar construction term loan to a solar energy provider in North Carolina to complete construction of a 1.45 MW DC utility-scale solar farm
$3.460040 solar construction term loan to a solar energy provider in North Carolina to complete construction of a 2.89 MW DC utility-scale solar farm
$1.193 million term loan to an investment advisory firm in Colorado to pay off an existing lender

In the ABL division:

$150,000 A/R purchase facility to a trucking company in Texas for working capital purposes
$500,000 A/R purchase facility to a technology consulting company in Kansas to pay off an existing lender and for working capital purposes
$150,000 A/R purchase facility to a trucking company in Maryland for working capital purposes
$2.5 million ledgered line of credit to a trucking company in Louisiana to pay off an existing lender and for working capital purposes
$150,000 A/R purchase facility to a trucking company in Texas for working capital purposes
$100,000 A/R purchase facility to a trucking company in Florida for working capital purposes
$15 million asset-based line of credit to a manufacturer of steel products in South Dakota to to pay off an existing lender and for working capital purposes
$3.5 million asset-based line of credit to a manufacturer and distributor of steel products for the oil and gas industry to pay off an existing lender and for working capital purposes