FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Articles / Read Article

Print

Crestmark Provides More Than $65.4MM in Financing to 72 Businesses in First Half of February

Date: Feb 22, 2019 @ 09:00 AM
Filed Under: Industry News

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.

 

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.