Crestmark, the Commercial Finance Division of MetaBank, announced it provided more than $49.8 million in commercial financing to 60 businesses in the first half of September. Crestmark secured a total of $8,530,600 in ABL/factoring financial solutions for 12 new clients; Crestmark Equipment Finance provided $4,526,317 in three new transactions; Crestmark Vendor Finance provided $3,698,699 in 35 new transactions; and the Government Guaranteed Lending group provided $33,050,094 in financing for ten new clients in the first half of September.

Asset-Based Lending and Factoring financial solutions to be used for various purposes such as working capital and to pay off an existing lender included:

Accounts Receivable facilities:

• $500,000 to a refrigerated transportation company in Texas.
• $250,000 to a freight-all-kinds transportation company in Kansas.
• $200,000 to a refrigerated trucking company in Illinois.
• $150,000 to a dry van trucking company in Texas.
• $150,000 to a regional trucking company in Georgia.
• $150,000 to a refrigerated trucking company in North Carolina.
• $150,000 to an auto-hauling company in Florida.
• $150,000 to a transportation company in Georgia.

Ledgered Line of Credit facilities:

• $3,000,000 to a frozen foods distributor in California.
• $2,000,000 to a digital marketing company in California.
• $2,000,000 (CAD) to a chemical supply company in Alberta, Canada.
• $250,000 to a less than load (LTL) freight company in Wisconsin.

Vendor Finance equipment finance transactions included, but were not limited to:

• A recycling company in the southeastern U.S. for operational equipment.  
• A transportation company in the southeastern U.S. for geo-tracking equipment.
• A transportation company in the midwestern U.S. for transportation equipment.
• An automotive repair company in the southeastern U.S. for operational equipment.

Government Guaranteed Lending financial solutions, to be used for various purposes such as acquisition, working capital, and more included:

• $8,800,000 term loan to a solar company in California
• $3,464,267 term loan to a solar company in California.
• $3,276,538 term loan to a solar company in North Carolina.
• $3,100,000 term loan to a solar company in California.
• $3,069,289 term loan to a solar company in California.
• $2,900,000 term loan to an investment advisory firm in North Carolina.
• $2,600,000 term loan to a solar company in California.
• $2,550,000 term loan to a solar company in North Carolina.
• $2,190,000 SBA 7(a) loan to an independent insurance agency in New Hampshire.  
• $1,100,000 term loan to a solar company in Colorado.