Crestmark Provides $34.35MM in ABL and Factoring Facilities in July
Crestmark secured a total of $34.35 million in asset-based lending and factoring financial solutions for 23 new clients and Crestmark’s government guaranteed lending group provided $17,624,500 in financing for five new clients in July. In addition, Crestmark Equipment Finance provided $22,208,198 across 12 new transactions and Crestmark Vendor Finance provided $9,029,229 across 84 new transactions.
Asset-Based Lending and Factoring
Crestmark provided the following accounts receivable facilities:
$5 million to an oilfield services transportation company in Texas
$500,000 to a freight-all-kinds trucking company in Alabama
$500,000 to a refrigerated transportation company in California
$500,000 to a freight-all-kinds trucking company in North Carolina
$500,000 to a refrigerated transportation company in California
$450,000 to a freight-all-kinds trucking company in Georgia
$350,000 to a dry van trucking company in Florida
$300,000 to a freight-all-kinds trucking company in Texas
$250,000 to a flatbed trucking company in Oklahoma
$200,000 to a freight-all-kinds trucking company in Georgia
$150,000 to a power-only trucking company in Texas
$150,000 to a freight-all-kinds trucking company in Texas
$150,000 to a freight-all-kinds trucking company in Texas
$150,000 to a flatbed trucking company in Nebraska
$150,000 to a freight-all-kinds trucking company in California
$150,000 to a refrigerated transportation company in Michigan
$150,000 to a flatbed trucking company in Oklahoma
$150,000 to a freight-all-kinds trucking company in Georgia
Crestmark provided the following asset-based loan facilities:
$7.5 million to an apparel wholesaler in California
$6 million to a home decor manufacturer in Ohio
Crestmark provided the following ledgered line of credit facilities:
$3.5 million, with an additional $3.1 million term loan, to a metal components manufacturer in Michigan
$3 million to an oil and gas services company in Louisiana
$1.5 million to a construction staffing company in Florida
Crestmark Equipment Finance Highlights
Completed a transaction with an electrical contractor in the southern U.S. for construction equipment
Completed a transaction with a transportation services provider in the northwestern U.S. for alternative energy equipment
Completed a transaction with an infrastructure provider in the northeastern U.S. for construction equipment
Completed a transaction with an energy solutions company in the eastern U.S. for construction equipment
Crestmark Vendor Finance Highlights
Completed an equipment finance transaction with a medical company in the western U.S. for medical equipment
Completed an equipment finance transaction with a trucking company in the southern U.S. for transport equipment
Completed an equipment finance transaction with a trucking company in the midwestern U.S. for transportation equipment
Completed an equipment finance transaction with an equipment rental company in the midwestern U.S. for operational equipment
Completed an equipment finance transaction with a logistics company in the midwestern U.S. for transport equipment
Completed an equipment finance transaction with a furniture company in the eastern U.S. for operational equipment
Completed an equipment finance transaction with an agricultural company in the western U.S. for transport equipment
Completed an equipment finance transaction with a medical company in the southeastern U.S. for medical equipment
Crestmark’s Government Guaranteed Lending Group
Provided a $9.5 million construction loan to a solar developer in California
Provided a $4.6 million construction loan to a solar developer in California
Provided a $1.745 million term loan to a wealth management advisory firm in New York
Provided a $1.005 million term loan to a wealth management advisory firm in New York
Provided a $774,500 term loan to an investment advisory firm in Wisconsin