Crestmark Closes 17 Transactions Totaling More Than $26.5 Million in the Second Half of December

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.