Crestmark secured a total of $4.375 million in financial solutions for six new clients in the first half of April. The transactions include:

• A $175,000 SBA 7(a) term loan facility was provided on April 1 to an independent insurance agency in Louisiana. The financing will be used for acquisition purposes.
• On April 1, a $500,000 accounts receivable purchase facility was provided to a school supplies distributor in Georgia. The financing will be used for working capital purposes.
• A $2.5 million ledgered line of credit facility was provided on April 6 to an inventory services provider in Florida. The financing will be used for working capital purposes.
• On April 6, a $500,000 accounts receivable purchase facility was provided to a trucking company in Illinois. The financing will be used for working capital purposes.
• A $500,000 accounts receivable purchase facility was provided on April 12 to an electrical sign company in Florida. The financing will be used for working capital purposes.
• On April 14, a $200,000 accounts receivable purchase facility was provided to a land services provider in Alabama. 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.