Crestmark secured a total of $5.6 million in financial solutions for eight new clients since March 15. The deals are as follows:

• On March 20, a $1.5 million ledgered line of credit facility with advances on accounts receivable was provided to a Florida technology distributor. Financing will be used for working capital.
• On March 22, a $500,000 traditional factoring facility was provided to a New Jersey start-up company that manufactures and distributes wholesale apparel.
• A $350,000 ledgered line of credit facility with advances on accounts receivable was provided on March 26 to a temporary staffing company in Michigan that provides medical staffing to hospitals.
• On March 27, a $750,000 accounts receivable purchase facility was provided to a Texas transportation company that hauls meat, frozen foods, and produce across the southwest.
• On March 29, a $500,000 traditional factoring facility was provided to a Mississippi furniture company that sells to furniture retailers nationwide.
• A $750,000 accounts receivable purchase facility was also provided on March 29 to a California staffing company providing administrative and clerical resources. Financing will be used for working capital.
• Also on March 29, a $1 million ledgered line of credit facility was provided to a northern-California staffing company. Financing will be used for working capital.
• A $250,000 ledgered line of credit facility was also provided on March 29 to an Alabama start-up providing general labor and manufacturing staff. Financing will be used for working capital.

Crestmark is a nationally known and respected FDIC-insured bank that provides innovative financial solutions for small- to medium-sized businesses. Financing solutions include asset-based lending, accounts receivable financing, lines of credit, factoring and equipment financing.