Crestmark secured a total of $3.86 million in financial solutions for seven new clients in the first half of September. Outlined below are brief descriptions of the transactions:

• A $500,000 accounts receivable purchase facility, provided to a trucking company in Illinois, will be used to pay off previous lender and for working capital purposes.
• A $406,000 SBA 7(a) term loan facility, provided to an independent insurance agency in Washington, will be used for a buyout.
• A $1 million ledgered line of credit, provided for a trucking company in Michigan, will be used to pay off a previous lender and for working capital purposes.
• A $500,000 ledgered line of credit, provided to a freight broker that works with office furniture manufacturers in Michigan, will be used to pay off a previous lender and for working capital purposes.
• A $750,000 ledgered line of credit and term loan facility, provided to a manufacturer and distributor of diesel power and generator systems for the rail industry in New York, will be used for working capital purposes.
• A $500,000 accounts receivable purchase facility, provided to a startup cellular communication contractor in Texas, will be used for working capital purposes.
• $200,000 accounts receivable purchase facility, provided to a trucking company hauling general and refrigerated freight in Washington, will be used for working capital purposes.