Crestmark Closes 17 Transactions Totaling More Than $26.5 Million in the Second Half of December Posted 01/05/2018 TROY, Mich., (January 5, 2018) – Crestmark secured a total of $26,605,000 in financial solutions for 17 new clients in the second half of December. On Dec. 18, a $2,565,000 120-month operating lease transaction was completed with a solar developer in New York. The financing will be used to install a 1,511kW-DC solar farm, which has a New York-based private school as the offtaker. A $200,000 accounts receivable purchase facility was provided to a trucking company in Kansas on Dec. 19. The financing will be used for working capital purposes. On Dec. 19, a $750,000 accounts receivable purchase facility was provided to a trucking company in Michigan. The financing will be used to pay off an existing lender and for working capital purposes. A $500,000 accounts receivable purchase facility was provided to a staffing company in Michigan on Dec. 19. The financing will be used for working capital purposes. On Dec. 19, a $1,750,000 ledgered line of credit facility was provided to a staffing company in Louisiana. The financing will be used for working capital purposes. A $150,000 accounts receivable purchase facility was provided to a startup trucking company in Tennessee on Dec. 19. The financing will be used for working capital purposes. On Dec. 19, a $5,000,000 SBA 7(a) term loan facility was provided to a hotel management company in Ohio. The financing will be used for acquisition purposes. A $200,000 term loan facility was provided to an educational services provider in Michigan on Dec. 21. The financing will be used for working capital purposes. On Dec. 21, a $1,600,000 new lease transaction was completed with a health club chain in the eastern U.S. The financing will be used for fitness equipment. An $800,000 ledgered line of credit facility was provided to an automotive parts manufacturer in Ontario, Canada on Dec. 22. The financing will be used for working capital purposes. On Dec. 22, a $250,000 accounts receivable purchase facility was provided to a trucking company in Arizona. The financing will be used for working capital purposes. A $6,300,000 125-month operating lease transaction was completed with a solar manufacturer in California on Dec. 26. The financing will be used for 42 mobile solar generators. On Dec. 27, a $250,000 traditional factoring facility was provided to a startup distributor of men’s shirts in New Jersey. The financing will be used for working capital purposes. A $2,800,000 new lease transaction was completed with an automotive supplier in the midwestern U.S. on Dec. 27. The financing will be used for assembly line equipment. On Dec. 28, a $1,750,000 new lease transaction was completed with a software company in the western U.S. The financing will be used for technology equipment. A $1,590,000 ledgered line of credit facility was provided to an aluminum die cast manufacturer in Michigan on Dec. 29. The financing will be used for working capital purposes. On Dec. 29, a $150,000 SBA 7(a) term loan facility was provided to a water, flood, and fire restoration franchise in California. The financing will be used for working capital purposes. Related Resource https://www.crestmark.com/news/crestmark-closes-17-transactions-totaling-26-5-million-second-half-december/ Author Stacey Seltzer Organization Crestmark Email sseltzer@crestmark.com