Equipment Leasing and Finance Association - Equiping Business for Success

Crestmark Closes 26 Transactions Totaling More Than $74.8 Million in the Second Half of July

Posted 08/07/2018

Crestmark Closes 26 Transactions Totaling More Than $74.8 Million in the Second Half of July

TROY, Mich., (August 7, 2018) – Crestmark secured a total of $74,854,453 in financial solutions for 26 new clients in the second half of July.

  • On July 16, an $830,000 term loan facility was provided to an independent wealth management firm in California. The financing will be used to pay off an existing lender.
  • A $5,146,341 new lease transaction was completed with a civil construction company in the southern U.S. on July 16. The financing will be used for capital equipment.
  • On July 16, a $7,944,691 new lease transaction was completed with a pharmaceutical company in the northeastern U.S. The financing will be used for software.
  • A $400,000 accounts receivable purchase facility was provided to a startup freight brokerage in Texas on July 17. The financing will be used for working capital purposes.
  • On July 17, a $1,269,163 new lease transaction was completed with a software company in the southwestern U.S. The financing will be used for IT equipment.
  • A $1,000,000 asset-based line of credit facility was provided to a plastic injection molding company in Kentucky on July 18. The financing will be used to pay off an existing lender and for working capital purposes.
  • On July 18, a $150,000 accounts receivable purchase facility was provided to a trucking company in Florida. The financing will be used for working capital purposes.
  • A $2,060,696 new lease transaction was completed with an intermodal services provider in the midwestern U.S. on July 18. The financing will be used for capital equipment.
  • On July 19, a $2,400,000 accounts receivable purchase facility was provided to a trucking company in California. The financing will be used to pay off an existing lender and for working capital purposes.
  • A $600,000 term loan facility was provided to an independent insurance agency in Connecticut on July 19. The financing will be used to pay off an existing lender and for working capital purposes.
  • On July 19, a $557,079 new lease transaction was completed with an intermodal facilities operator in the midwestern U.S. The financing will be used for capital equipment.
  • A $1,199,112 new lease transaction was completed with a background check company in the southeastern U.S. on July 19. The financing will be used for IT equipment.
  • On July 20, a $7,253,825 term loan facility was provided to a solar energy provider in Indiana. The financing will be used to pay off an existing lender.
  • An $8,195,353 term loan facility was provided to a solar energy provider in North Carolina on July 20. The financing will be used for working capital purposes.
  • On July 20, a $1,870,902 new lease transaction was completed with a managed parking services provider in the southeastern U.S. The financing will be used for security equipment.
  • A $913,177 new lease transaction was completed with a third-party logistics company in the southeastern U.S. on July 20. The financing will be used for capital equipment.
  • On July 20, a $1,472,508 new lease transaction was completed with a manufacturing company in the midwestern U.S. The financing will be used for IT equipment.
  • A $1,106,050 new lease transaction was completed with an IT services provider in the midwestern U.S. on July 23. The financing will be used for IT equipment.
  • On July 24, a $1,723,443 new lease transaction was completed with an oilfield services company in the southern U.S. The financing will be used for capital equipment.
  • An $861,530 new lease transaction was completed with a medical services provider in the northeastern U.S. on July 25. The financing will be used for capital equipment.
  • On July 26, a $100,000 accounts receivable purchase facility was provided to a startup trucking company in Michigan. The financing will be used for working capital purposes.
  • A $791,783 new lease transaction was completed with a fitness club in the northeastern U.S. on July 26. The financing will be used for capital equipment.
  • On July 27, a $1,654,000 term loan facility was provided to an independent wealth management firm in California. The financing will be used to pay off an existing lender.
  • A $2,682,000 term loan facility was provided to an independent wealth management firm in California on July 27. The financing will be used to pay off an existing lender.
  • On July 27, a $180,000 term loan facility was provided to an independent insurance agency in Kansas. The financing will be used to pay off an existing lender.
  • A $22,492,800 term loan facility was provided to a solar energy provider in Missouri on July 27. The financing will be used for working capital purposes.

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