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Crestmark’s Equipment Leasing Division Makes Monitor 100 List of Largest Equipment Finance Companies; and Monitor 50 List of Top Banks

Crestmark Equipment Finance (CEF), Crestmark’s equipment financing and leasing division, is among the largest and fastest growing equipment finance/leasing companies in the United States. The 25th Annual Monitor 100 ranks CEF 84th in net-asset value and 87th in new business volume. Crestmark moved up a spot on the list of largest equipment leasing/finance companies.

In addition, CEF made Monitor’s Top Bank 50, which ranks the nation’s largest bank-owned equipment financing and leasing companies; CEF ranked 48th.

“Crestmark Equipment Finance is focused on helping clients maximize their operations by offering financing that makes essential equipment, and state-of-the-art upgrades, affordable,” said Scott Grady, president of Crestmark Equipment Finance. “We are pleased to make the Monitor 100 list of largest equipment companies in the U.S., and to be among Monitor’s Top Bank 50 in the equipment financing/leasing market.”

In a move to expand the range of financing options available to clients, Crestmark entered the equipment leasing and finance space in October 2014 with the acquisition of TIP Capital. Since then, the division has focused on strengthening operations and expanding product offerings.

The Monitor 100, now in its 25th year, and Monitor Top Bank 50 are compiled and published by Monitor Daily magazine.

About Crestmark 

Crestmark is an FDIC-insured bank that provides innovative financial solutions for businesses nationwide. Financing solutions include asset-based lending, accounts receivable financing, lines of credit, term loans, factoring, machinery/equipment financing and equipment leasing. Crestmark has extensive experience in helping many industries including transportation, manufacturing, staffing, petrochemical, government contractors, apparel/footwear/furniture distribution/manufacturing, hospitality/hotels, insurance agencies, and technology hardware/software. Headquartered in Michigan, with additional offices in California, Florida, Louisiana, Tennessee, New York, and Illinois; and representatives nationwide.