Crestmark Equipment Finance Provides Over $ 5 Million In Second Half / April Transactions

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Crestmark Equipment Finance provided $ 5,707,263 in 22 new transactions and Crestmark Vendor Finance provided $ 4,865,488 in 45 new transactions during the second half of April. In addition, Crestmark secured a total of $ 5.4 million in asset-based loans and factoring financial solutions for nine new clients, and Crestmark’s government-guaranteed loan group provided $ 980,000 in financing to two new clients.

Crestmark Vendor Finance Strong points

  • Completed an equipment financing transaction with a transportation company in the Southeastern United States. The company will use the funding for operational equipment.
  • Completed an equipment financing transaction with a medical company in the American Midwest. The company will use the funding for medical equipment.
  • Completed a new equipment financing transaction with an agricultural farm in the western United States. The farm will use the funding for operational equipment.

Crestmark Asset Based Lending and Factoring

  • Provision of a $ 150,000 accounts receivable purchase facility to a Nebraska refrigerated transport company, which will use the financing for working capital purposes
  • Providing a $ 1.5 million accounts receivable purchase facility to an Ohio flatbed transport company, which will use the financing for working capital purposes
  • Providing a $ 750,000 line of credit to a Texas-based machine assembly manufacturer, which will use the financing to repay an existing lender and for working capital purposes
  • Providing a $ 2 million line of credit to a Michigan fuel broker, which will use the financing to pay off an existing lender and for working capital purposes
  • Provision of a $ 150,000 accounts receivable purchase facility to a South Carolina-based freight trucking company of all types, which will use the financing for working capital purposes
  • Providing a $ 150,000 accounts receivable purchase facility to an Indiana dry trucking company, which will use the financing for working capital purposes
  • Provision of a $ 400,000 accounts receivable purchase facility to a North Carolina-based trucking company, which will use the financing to repay an existing lender and for working capital purposes
  • Provision of a $ 150,000 accounts receivable purchase facility to a dry-haul truck company in Massachusetts, which will use the financing for working capital
  • Providing a $ 150,000 accounts receivable purchase facility to a Massachusetts flatbed trucking company, which will use the financing for working capital

Crestmark Government Guaranteed Loan Group

  • Provision of a $ 290,000 SBA 7 (a) term loan facility to a Florida-based restaurant franchise, which will use the financing for acquisition purposes
  • Provision of a SBA $ 690,000 7 (a) term loan facility to an independent Missouri-based insurance agency, which will use the financing to repay an existing lender and for working capital purposes



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