Crestmark Secures $29MM in Commercial Financing Transactions in H1/June

Crestmark Equipment Finance provided $15,319,877 in four new lease transactions, Crestmark Vendor Finance provided $8,710,820 in 121 new lease transactions and Crestmark’s government guaranteed lending group provided $5,050,000 in financing for two new clients in the first half of June.

Crestmark Equipment Finance

• Completed a $2,558,276 new lease transaction with an air transportation company in the southeastern U.S. The financing will be used for operational equipment.

• Completed two new lease transactions totaling $2,862,297 with an energy management company in the midwestern U.S. The financing will be used for IT equipment.

• Completed a $9,899,304 new lease transaction with a natural resource company in the southwestern U.S. The financing will be used for operational equipment.

Highlights from Crestmark Vendor Finance include:

• A lease transaction with a wellness center in the southeastern U.S. The financing will be used for essential equipment.

• An equipment finance transaction with a builder in the northwestern U.S. The financing will be used for construction equipment.

• A new equipment finance transaction with a logistics company in the southeastern U.S. The financing will be used for transportation equipment.

• A new equipment finance transaction with a food manufacturer in the southwestern U.S. The financing will be used for manufacturing equipment.

Government Guaranteed Lending

• Provided a $1,050,000 SBA 7(a) term loan facility to an investment advisory firm in Washington. The financing will be used for acquisition purposes.

• Provided a $4 million term loan facility to a solar developer in California on June 11. The financing will be used for working capital purposes.

Crestmark, a division of MetaBank, provides asset-based lending, accounts receivable financing, lines of credit, term loans, factoring, government guaranteed lending, machinery/equipment financing and equipment leasing.