Crestmark Provides Over $12M in Equipment Finance Deals in H2/April

Crestmark Equipment Financing provided $10,080,680 in 11 new large note transactions and $2,320,351 in 20 new small note seller transactions during the second half of April. Additionally, Crestmark secured $12,801,160 in asset-based lending and factoring financial solutions for 11 new customers and Crestmark’s structured finance group provided $1.6 million in financing to a new customer.

Crestmark Equipment Finance transactions included:

  • $5,779,874 to a US Southern freight company for operational equipment
  • A low-cost vendor equipment financing transaction for a trucking company in the western United States for transportation equipment
  • A low-cost equipment finance deal for an oil and gas services company in the southern United States for transportation equipment
  • A low-cost equipment financing transaction for a swimming pool construction company in the western United States for transportation equipment
  • A Low Cost Vendor Equipment Finance Transaction for a Southern US Agriculture Company for Construction Equipment

Crestmark provided the following asset-based lending and factoring financial solutions:

  • A $4 million line of credit to a chemical manufacturer in Alberta
  • $3.25 Million Line of Credit to Machine Shop and Foundry in Illinois
  • A $3 million line of credit to a Florida bottling and distribution company
  • A $1 million line of credit to an oil and gas staffing services company in California
  • A $750,000 accounts receivable facility to a dry cargo haulage company in California
  • A $700,000 accounts receivable facility to a dry cargo haulage company in California
  • A $300,000 accounts receivable facility to a refrigerated trucking company in Texas
  • A $150,000 accounts receivable facility to a dry cargo haulage company in California
  • A $150,000 accounts receivable facility to an electric-only trucking company in Georgia
  • A $150,000 accounts receivable facility to an electric-only trucking company in South Carolina
  • A $150,000 accounts receivable facility to a regional transportation company in Maryland

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

  • A $1.6 million term loan to a solar developer in California
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