Crestmark Equipment Finance provided $17,779,303 in eight new lease transactions in the second half of November. It was part of $37.4 million in commercial financing to 74 businesses for Crestmark during the period.

Crestmark Vendor Finance provided $4,643,629 in 53 new lease transactions and the Government Guaranteed Lending Division provided $4,680,000 in financing for five new clients. In addition,
Crestmark secured a total of $10,390,000 in ABL financial solutions for eight new clients.

Crestmark Equipment Finance:

• On Nov. 19, an $800,000 new lease transaction was completed with a furniture supplier in the Southeast. The financing will be used for capital equipment.
• A $1,075,090 new lease transaction was completed with a software and data services company in the West on Nov. 19. The financing will be used for IT equipment.
• On Nov. 19, a $568,893 new lease transaction was completed with an energy management company in the Midwest. The financing will be used for IT equipment.
• A $961,921 new lease transaction was completed with an energy management company in the Midwest on Nov. 19. The financing will be used for IT equipment.
• On Nov. 19, an $898,039 new lease transaction was completed with an energy management company in the Midwest. The financing will be used for IT equipment.
• A $2,013,790 new lease transaction was completed with an IT services provider in the Midwest on Nov. 28. The financing will be used for IT equipment.
• On Nov. 29, a $10,875,000 63-month operating lease transaction was completed with a solar developer in the West. The financing will be used for 150 mobile solar generators.
• A $586,570 new lease transaction was completed with an oil and gas services provider in the South on Nov. 30. The financing will be used for capital equipment.

The Government Guaranteed Lending Division:

• On Nov. 16, a $120,000 SBA 7(a) term loan facility was provided to a restaurant franchisee in California. The financing will be used for working capital purposes.
• A $2,714,000 term loan facility was provided to an investment advisory firm in North Carolina on Nov. 20. The financing will be used to pay off an existing lender.
• On Nov. 28, a $790,000 term loan facility was provided to an investment advisory firm in New Jersey. The financing will be used to pay off an existing lender.
• A $790,000 term loan facility was provided to an investment advisory firm in California on Nov. 30. The financing will be used to pay off an existing lender.
• On Nov. 30, a $266,000 SBA 7(a) term loan facility was provided to a restaurant franchisee in Michigan. The financing will be used for working capital purposes.

Asset-based Lending Division:

• On Nov. 16, a $500,000 accounts receivable purchase facility was provided to a trucking company in Ohio. The financing will be used for working capital purposes.  
• A $5,000,000 asset-based line of credit facility was provided to a roofing manufacturer in Ohio on Nov. 16. The financing will be used to pay off an existing lender and for working capital purposes.  
• On Nov. 16, a $1,500,000 Canadian ledgered line of credit facility and a $300,000 U.S. ledgered line of credit facility were provided to a trucking company in British Columbia, Canada. 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 trucking company in Texas on Nov. 19. The financing will be used for working capital purposes.
• On Nov. 26, a $250,000 accounts receivable purchase facility was provided to a trucking company in California. The financing will be used for working capital purposes.
• A $2,500,000 ledgered line of credit facility was provided to a wireless network service provider in California on Nov. 27. The financing will be used to pay off an existing lender and for working capital purposes.
• On Nov. 28, a $150,000 accounts receivable purchase facility was provided to a startup trucking company in Michigan. The financing will be used for working capital purposes.
• A $40,000 accounts receivable purchase facility was provided to trucking company in Minnesota on Nov. 29. The financing will be used for working capital purposes.