Crestmark secured a total of $5,858,000 in financial solutions for six new clients in the second half of October. The transactions are as follows:

• On Oct. 20, a California-based designer and manufacturer of women’s dresses entered into a funds-as-collected traditional factoring facility with Crestmark.
• A $1.15 million accounts receivable purchase facility was provided on Oct. 26 to a security agency in West Virginia. The financing will be used for working capital purposes.
• A $458,000 SBA 7(a) term loan facility was provided on Oct. 28 to an independent insurance agency in Texas. The financing will be used for acquisition purposes.
• A $500,000 ledgered line of credit and term loan was provided on Oct. 29 to a wireless technology infrastructure servicing company in Florida. The financing will be used for pay off an existing lender and for working capital purposes.
• On Oct. 30, a $1 million asset-based line of credit facility was provided to a wireless speaker manufacturer in California. The financing will be used for working capital purposes.
• On Oct. 30, a $2.75 million ledgered line of credit was provided to a startup telecommunications company in New Jersey. 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.