Crestmark Equipment Finance Provides Over $ 24 Million In November

Crestmark Equipment Finance provided $ 24,804,003 in 29 new transactions and Crestmark Vendor Finance provided $ 9,938,833 in 76 new transactions in November.

In addition, Crestmark secured a total of $ 13.6 million in asset-based loans and factoring financial solutions for 23 new clients, Crestmark’s government guaranteed loan group provided $ 8.195 million in financing for three new clients and the Crestmark group of joint ventures provided $ 1,007,250 in a new transaction.

Crestmark Equipment Financing transactions included, but not limited to:

  • $ 2,776,526 to a government agency in the eastern United States for computer hardware
  • $ 5,264,228 to a linen supply company in the eastern United States for transportation equipment
  • $ 2,605,551 to a telecommunications company in the Midwestern United States for the purchase of networking equipment
  • $ 2,654,902 to a financial services company in the eastern United States for communications equipment

Crestmark Supplier Funding Equipment financing transactions included, but were not limited to:

  • A fitness company in the southern United States for fitness equipment
  • A laser company in the southern United States for operational equipment
  • A carpentry business in the south-central United States for machinery
  • A trucking company in the south-central United States for transportation equipment
  • A sod company in the southern United States for operational equipment
  • A timber haulage company in the southern United States for haulage equipment
  • A medical company in the midwestern United States for operational equipment
  • A trucking company in the Southeast Central United States for transportation equipment

Asset loans and factoring financial solutions to be used for various purposes, such as working capital and to repay existing lenders, including:

  • $ 2 Million Accounts Receivable Facility at California Refrigerated Shipping Company
  • Million dollar trucking company of sorts in Illinois debt facility
  • Million dollar debt facility to integrated solutions provider in Texas
  • A $ 750,000 debt facility to a general trucking company in Nebraska
  • A $ 500,000 accounts receivable facility to a dry and refrigerated trucking company in Nova Scotia
  • A $ 500,000 debt facility at a Michigan auto parts distributor
  • A $ 300,000 debt facility to a materials haulage company in Texas
  • $ 300,000 facility for accounts receivable from an Ohio transportation company
  • A $ 250,000 accounts receivable facility at a general cargo trucking company in Massachusetts
  • A $ 250,000 accounts receivable facility at an intermodal transportation company in Georgia
  • A $ 200,000 debt facility to a dry van trucking company in Texas
  • $ 200,000 accounts receivable facility at trucking company of sorts in Texas
  • A $ 150,000 debt facility to an electric-only trucking company in Alabama
  • A $ 150,000 debt facility to a dry van trucking company in Colorado
  • A $ 150,000 debt facility to an electric-only trucking company in Washington, DC
  • A $ 150,000 debt facility to a trucking company in Texas
  • A $ 150,000 debt facility to a dry van trucking company in Idaho
  • A $ 150,000 debt facility to a trucking company in Georgia
  • A $ 150,000 debt facility to a regional trucking company in South Carolina
  • A $ 150,000 debt facility to a flatbed trucking company in Florida
  • A $ 150,000 debt facility to a Maryland trucking company
  • A $ 3 million line of credit to a Texas lighting manufacturer
  • A $ 2 million line of credit to a recruiting services company in California

Crestmark Government Guaranteed Loan group provided:

  • $ 7.425 million term loan to solar company in California
  • A $ 420,000 SBA 7 (a) loan to a welding and fabrication company in Arizona
  • A $ 350,000 SBA 7 (a) loan to an independent insurance agency in Idaho

The Crestmark Joint Venture Group provided an operating lease of $ 1,007,250 to a solar developer in New York.


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