Crestmark secured a total of $14.7 million in financial solutions for seven new clients in February.

The transactions include:

• A $1 million ledgered line of credit was provided on February 6 to a digital formatting and recording company located in California. The funds will be used for working capital purposes.
• On February 7, a $500,000 ledgered line of credit was provided to a Minnesota LED lighting manufacturer to provide additional working capital.
• A $200,000 ledgered line of credit was provided on February 7 to a Michigan steel service center.
• On February 7, a $500,000 accounts receivable purchase facility was provided to a Washington honey producer. The funds will be used to provide working capital.
• A $1 million accounts receivable purchase facility was provided on February 11 to an oilfield services company in Texas. The funds will be used to pay off a prior lender and to provide additional working capital.
• On February 11, a $4 million asset-based lending facility with advances on accounts receivable and inventory was provided to a Colorado medical supply distributor.
• A $7.5 million asset-based lending facility was provided on February 12 to a developer and distributor of nutrition products located in New Jersey.

Crestmark is a nationally known and respected FDIC-insured bank that provides innovative financial solutions for small- to medium-sized businesses.