Crestmark Equipment Finance provides more than $25 million in transactions in June

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Crestmark Equipment Financing provided $18,865,360 in 17 new large ticket transactions and $7,174,032 in 67 new small vendor transactions in June. Additionally, Crestmark secured a total of $33,772,677 in asset-based lending and factoring financial solutions for 23 new customers and Crestmark’s structured finance group provided $15,689,940 in financing to five new clients.

Crestmark Equipment Finance transactions included:

  • $6,256,663 to a manufacturer of sanitation products in the Southeast for storage equipment
  • $4,365,295 to Southeast automaker for alternative energy equipment
  • $3,096,140 to a North West technology manufacturer for operational equipment
  • A low cost vendor finance equipment financing transaction for a logistics company in the western United States for transportation equipment
  • A low cost vendor finance equipment financing transaction for a waste management company in the eastern United States for capital equipment
  • A Low Cost Vendor Finance Equipment Financing Transaction for a Midwestern Health and Wellness Company for Medical Equipment
  • A low cost vendor finance equipment financing transaction for a transportation company in the southern United States for transportation equipment

Crestmark has provided the following working capital, asset-based lending and factoring financial solutions, which will be used for various purposes, such as working capital and repayment of existing lenders:

  • An $18 million asset-based loan facility to a Michigan extrusion manufacturer
  • A $5 million asset-based loan facility to a Missouri petroleum products supplier
  • C$2 million ($1.57 million) and a $500,000 line of credit to a transportation company in Ontario
  • A $2 million accounts receivable facility to a trucking company of sorts in Illinois
  • CA$1.5 million ($1.17 million) line of credit to an aggregate supplier in Alberta
  • A $1.5 million line of credit to a contractor in North Carolina
  • $1 Million Accounts Receivable Facility to Texas Wellsite Service Provider
  • A $500,000 accounts receivable facility to a California hotel staff company
  • A $300,000 accounts receivable facility to a trucking company of all types in New York
  • A $300,000 accounts receivable facility to a Missouri flatbed haulage company
  • A $200,000 accounts receivable facility to a medical equipment supplier in Texas
  • A $150,000 accounts receivable facility to a hot trucking company in Alabama
  • A $150,000 accounts receivable facility to an Arkansas refrigerated trucking company
  • A $150,000 accounts receivable facility to a trucking company of all types in Texas
  • A $150,000 accounts receivable facility to a California refrigerated trucking company
  • A $150,000 accounts receivable facility to a freight brokerage firm in Nebraska
  • A $150,000 accounts receivable facility to a Tennessee refrigerated transportation company
  • A $150,000 accounts receivable facility to a flatbed trucking company in Georgia
  • A $150,000 accounts receivable facility to a trucking company of sorts in Mississippi
  • A $150,000 accounts receivable facility to a freight broker in Kansas
  • A $150,000 accounts receivable facility to a flatbed trucking company in Texas
  • A $150,000 accounts receivable facility to a trucking company of all types in North Carolina
  • A $100,000 accounts receivable facility to a dry van trucking company in California

Crestmark has provided the following structured finance solutions, which will be used for various purposes, such as acquisitions and working capital:

  • A $7.495 million term loan to a Michigan investment advisory firm
  • A $6.645 million loan from the United States Department of Agriculture and Industry to an Ohio hotel company
  • A $740,000 term loan to an independent insurance agency in Texas
  • A $679,940 term loan to a California solar developer
  • A $130,000 Small Business Administration 7(a) loan to an independent insurance agency in Missouri
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