Crestmark Equipment Finance Provides Over $ 4 Million In First Half


Crestmark Equipment Finance provided $ 4,526,317 in three new transactions and Crestmark Vendor Finance provided $ 3,698,699 in 35 new transactions during the first half of September. In addition, Crestmark secured a total of $ 8,530,600 in asset-based loan / factoring financial solutions for 12 new clients and the Crestmark Government Guaranteed Loan Group provided $ 33,050,094 in financing for 10 new clients.

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

  • A recycling company in the Southeastern United States for operational equipment
  • A transportation company in the Southeastern United States for geolocation equipment
  • A transportation company in the Midwestern United States for transportation equipment
  • An auto repair company in the Southeastern United States for operational equipment

Asset loans and factoring Financial solutions to be used for such purposes as working capital and to repay existing lenders included:

  • A $ 500,000 accounts receivable facility at a Texas refrigerated transport company
  • A $ 250,000 accounts receivable facility to a general cargo transportation company in Kansas
  • A $ 200,000 accounts receivable facility at a refrigerated trucking company in Illinois
  • A $ 150,000 debt facility to a dry van trucking company in Texas
  • A $ 150,000 debt facility to a regional trucking company in Georgia
  • A $ 150,000 debt facility to a refrigerated trucking company in North Carolina
  • A $ 150,000 debt facility to a Florida auto transport company
  • A $ 150,000 debt facility to a transportation company in Georgia
  • A $ 3 million line of credit to a frozen food distributor in California
  • A $ 2 million line of credit to a digital marketing company in California
  • C $ 2 million ($ 1.58 million) line of credit facility to a chemical supply company in Alberta
  • A $ 250,000 general ledger line of credit to an LTL freight company in Wisconsin

Government guaranteed loan Financial solutions, to be used for such purposes as acquisition and working capital, included:

  • $ 8.8 million term loan to solar energy company in California
  • A term loan of $ 3,464,267 to a solar energy company in California
  • A term loan of $ 3,276,538 to a solar energy company in North Carolina
  • $ 3.1 million term loan to solar energy company in California
  • A term loan of $ 3,069,289 to a solar energy company in California
  • A $ 2.9 million term loan to an investment advisory firm in North Carolina
  • $ 2.6 million term loan to solar energy company in California
  • A $ 2.55 million term loan to a solar energy company in North Carolina
  • A $ 2.19 million SBA 7 (a) loan to an independent insurance agency in New Hampshire
  • Colorado solar company $ 1.1 million term loan

About Sharon Joseph

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