Crestmark secured a total of $7.485 million in financial solutions for nine new clients in the second half of March. The transactions include:

• A $2.425 million SBA 7(a) term loan facility was provided on March 16 to an independent insurance agency in California. The financing will be used for acquisition purposes.
• On March 18, a men's apparel importer in California entered into a funds-as-collected traditional factoring facility with Crestmark. The financing will be used for working capital purposes.
• A $1,500,000 asset-based line of credit facility was provided on March 21 to a manufacturer of masonry veneer products in California. The financing will be used for working capital purposes.
• On March 22, a $250,000 traditional factoring facility was provided to an apparel wholesaler in Florida. The financing will be used for working capital purposes.
• A $100,000 accounts receivable purchase facility was provided on March 22 to a startup trucking company in Tennessee. The financing will be used for working capital purposes.
• On March 23, a $300,000 accounts receivable purchase facility was provided to a trucking company in Texas. The financing will be used for working capital purposes.
• A $1 million ledgered line of credit facility was provided on March 25 to a manufacturer of medical devices in Colorado. The financing will be used to pay off a previous lender and for working capital purposes.
• On March 30, a $1.15 million ledgered line of credit and term loan facility was provided to a machinery and tooling manufacturer in Michigan. The financing will be used to pay off a previous lender and for working capital purposes.
• A $760,000 SBA 7(a) term loan facility was provided on March 31 to an independent insurance agency in Washington. The financing will be used for acquisition 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.