Crestmark secured a total of $3,856,000 in financial solutions for seven new clients in the first half of September. The deals include:

• On Sept. 1, a $500,000 accounts receivable purchase facility was provided to a trucking company in Illinois. The financing will be used to pay off previous lender and for working capital purposes.
• A $406,000 SBA 7(a) term loan facility was provided on Sept. 2 to an independent insurance agency in Washington. The financing will be used for a buyout.
• On Sept. 4, a $1 million ledgered line of credit was provided for a trucking company in Michigan. The financing will be used to pay off a previous lender and for working capital purposes.
• A $500,000 ledgered line of credit was provided on Sept. 4 to a freight broker who works with office furniture manufacturers in Michigan. The financing will be used to pay off a previous lender and for working capital purposes.
• On Sept. 6, a $750,000 ledgered line of credit and term loan facility was provided to a manufacturer and distributor of diesel power and generator systems for the rail industry in New York. The financing will be used for working capital purposes.
• A $500,000 accounts receivable purchase facility was provided on Sept. 10 to a startup cellular communication contractor in Texas. The financing will be used for working capital purposes.
• On Sept. 11, a $200,000 accounts receivable purchase facility was provided to a trucking company hauling general and refrigerated freight in Washington. The financing will be used for working capital purposes.

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.