Crestmark announced it provided more than $83.9 million in commercial financing to 93 businesses in the first half of December. Crestmark Equipment Finance provided $7,262,607 in six new lease transactions; Crestmark Vendor Finance provided $6,451,914 in 67 new lease transactions; Crestmark secured a total of $38,250,000 in ABL financial solutions for 12 new clients; the Joint Ventures Division provided $13,506,620 in four new transactions; and the Government Guaranteed Lending group provided $18,470,800 in financing for four new clients.

Crestmark’s Asset-Based Lending

• On Dec. 1, a $400,000 accounts receivable purchase facility was provided to a refrigerated transportation company in Illinois. The financing will be used for working capital purposes.
• A $5,000,000 asset-based lending facility was provided to a manufacturer and distributor of nutraceuticals in Colorado on Dec. 3. The financing will be used to pay off an existing lender and for working capital purposes.
• On Dec. 3, a $150,000 accounts receivable purchase facility was provided to a freight all kinds trucking company in Texas. The financing will be used to pay off an existing lender and for working capital purposes.
• A $150,000 accounts receivable purchase facility was provided to a freight broker in Washington on Dec. 4. The financing will be used for working capital purposes.
• On Dec. 4, a $6,000,000 ledgered line of credit facility was provided to an apparel wholesaler/distributor in California. The financing will be used to pay off an existing lender and for working capital purposes.
• A $1,850,000 accounts receivable purchase facility was provided to a refrigerated freight transportation company in Washington on Dec. 4. The financing will be used for working capital purposes.
• On Dec. 8, a $500,000 accounts receivable purchase facility was provided to a transportation company in Brampton, Ontario. 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 broker in Alabama on Dec. 9. The financing will be used for working capital purposes.
• On Dec. 9, a $16,000,000 asset-based lending facility was provided to a commercial/off-road tire service company in Illinois. The financing will be used to pay off an existing lender and for working capital purposes.
• A $6,000,000 asset-based lending facility was provided to a manufacturer and distributor of snack foods in North Carolina on Dec. 9. The financing will be used to pay off an existing lender and for working capital purposes.
• On Dec. 11, a $200,000 accounts receivable purchase facility was provided to a flatbed trucking company in Texas. The financing will be used for working capital purposes.
• A $1,500,000 accounts receivable purchase facility was provided to a freight brokerage in Georgia on Dec. 15. The financing will be used for working capital purposes.

Crestmark Equipment Finance

• On Dec. 7, a $2,108,152 new lease transaction was completed with a global manufacturer in the northeastern U.S. The financing will be used for IT equipment.
• A $1,303,120 new lease transaction was completed with a security company in the eastern U.S. on Dec. 8. The financing will be used for capital equipment.
• On Dec. 8, a $931,400 new lease transaction was completed with a telecommunications company in the northeastern U.S. The financing will be used for IT equipment.
• A $1,607,294 new lease transaction was completed with a facility support services company in the northwestern U.S. on Dec. 14. The financing will be used for capital equipment.
• On Dec. 14, a $525,107 new lease transaction was completed with an industrial scales manufacturer in the midwestern U.S. The financing will be used for office equipment.
• A $787,534 new lease transaction was completed with an energy management company in the midwestern U.S. on Dec. 15. The financing will be used for IT equipment.

Crestmark Vendor Finance

Crestmark Vendor Finance funded $6,451,914 in 67 new transactions in the first half of December. Highlights include:

• An equipment finance transaction was completed with a medical office in the southern U.S. on Dec. 1. The financing will be used for essential equipment.
• On Dec. 4, a lease transaction was completed with a recycling company in the midwestern U.S. The financing will be used for operational equipment.
• A new equipment finance transaction was completed with an ambulance service company in the midwestern U.S. on Dec. 8. The financing will be used for operational equipment.  
• On Dec. 15, a new lease transaction was completed with a distribution company in the southern U.S. The financing will be used for transportation equipment. 

Crestmark’s Joint Ventures

• Crestmark’s Joint Ventures division funded a total of $13,506,620 in four operating lease transactions with a solar developer in Maryland in the first half of December. The solar systems, located in Minnesota, range in size from 1,178 - 1,393 kW-DC, and will be part of a state community solar program.

Government Guaranteed Lending

• On Dec. 4, a $972,000 term loan facility was provided to a solar developer in Missouri. The financing will be used to pay off an existing lender and for acquisition purposes.  
• A $2,138,800 USDA B&I term loan facility was provided to a solar developer in Missouri on Dec. 4. The financing will be used to pay off an existing lender.
• On Dec. 7, a $13,500,000 term loan facility was provided to a solar developer in Connecticut. The financing will be used for working capital purposes.  
• A $1,860,000 SBA 7(a) loan facility was provided to a nutritional supplements provider in New Jersey on Dec. 10. The financing will be used for acquisition and for working capital purposes.