Crestmark secured a total of $29,650,000 in ABL financial solutions for 11 new clients; Crestmark Equipment Finance provided $27,776,071 in 15 new lease transactions; Crestmark Vendor Finance provided $4,302,627 in 51 new lease transactions; and the Government Guaranteed Lending Division provided $3,728,911 in financing for three new clients in the first half of February.

Crestmark’s asset-based lending division:

• On Feb. 1, a $150,000 accounts receivable purchase facility was provided to a trucking company in California. The financing will be used for working capital purposes.  
• A $200,000 accounts receivable purchase facility was provided to a trucking company in Wisconsin on Feb. 1. The financing will be used for working capital purposes.   
• On Feb. 4, a $5,000,000 ledgered line of credit facility was provided to a distributor of fracking compound in Texas. 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 freight brokerage in Michigan on Feb. 4. The financing will be used for working capital purposes.
• On Feb. 7, a $150,000 accounts receivable purchase facility was provided to a startup trucking company in Missouri. The financing will be used for working capital purposes. 
• A $150,000 accounts receivable purchase facility was provided to a trucking company in Florida on Feb. 8. The financing will be used for working capital purposes. 
• On Feb. 8, a $2,750,000 ledgered line of credit facility was provided to a family entertainment center supply and service company in Kansas. The financing will be used to pay off an existing lender and for working capital purposes. 
• A $20,000,000 asset-based line of credit facility was provided to a distributor of cellular phones in Florida on Feb. 13. The financing will be used to pay off an existing lender and for working capital purposes. 
• On Feb. 14, a $150,000 accounts receivable purchase facility was provided to a trucking company in Colorado. The financing will be used for working capital purposes. 
• A $150,000 accounts receivable facility was provided to a startup trucking company in New York on Feb. 15. The financing will be used for working capital purposes.
• On Feb. 15, a $450,000 accounts receivable purchase facility was provided to a trucking company in Georgia. The financing will be used for working capital purposes.