Crestmark secured a total of $16.89 million in financial solutions for 14 new clients in the first half of October. The deals are:

• On Oct. 1, a $2.2 million new lease transaction was provided to a communications provider in the west.
• A $4.72 million USDA Business and Industry loan facility was provided on Oct. 4 to a hospitality management company in Ohio. The financing will be used for acquisition and for working capital purposes.
• On Oct. 5, a $250,000 traditional factoring facility was provided to a fabric wholesaler in New York. The financing will be used for working capital purposes.
• A $100,000 accounts receivable purchase facility was provided on Oct. 6 to a startup trucking company in Georgia. The financing will be used for working capital purposes.
• On Oct. 7, a $700,000 ledgered line of credit facility was provided to a model manufacturing company in Indiana. The financing will be used for working capital purposes.
• A $250,000 traditional factoring facility was provided on Oct. 7 to an apparel wholesaler in New Jersey. The financing will be used for working capital purposes.
• On Oct. 11, a $750,000 accounts receivable purchase facility was provided to a startup trucking company in California. The financing will be used for working capital purposes.
• A $100,000 accounts receivable purchase facility was provided on Oct. 11 to a startup trucking company in Ohio. The financing will be used for working capital purposes.
• On Oct. 11, a $500,000 ledgered line of credit facility was provided to a staffing company in Florida. The financing will be used for working capital purposes.
• A $1.2 million SBA 7(a) term loan facility was provided on Oct. 12 to an independent insurance agency in Texas. The financing will be used for acquisition and for working capital purposes.
• On Oct. 13, a $4.72 USDA Business and Industry loan facility was provided to a hospitality management company in Ohio. The financing will be used for acquisition and for working capital purposes.
• A $1 mlllion SBA 7(a) term loan facility was provided on Oct. 13 to an independent insurance agency in Florida. The financing will be used for acquisition and for working capital purposes.
• On Oct. 14, a $250,000 accounts receivable purchase facility was provided to a trucking company in Kentucky. The financing will be used for working capital purposes.
• A $150,000 accounts receivable purchase facility was provided on Oct. 14 to a trucking company in Missouri. 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.