Crestmark announced it secured more than $8 million in financial solutions for seven new clients in the second half of November.

Outlined below are brief descriptions of the transactions:

• $1.0 million accounts receivable purchase facility was provided to a start-up transportation broker in New York. The financing will be used for working capital purposes.
• $200,000 accounts receivable purchase facility was provided to an Illinois-based transportation company. The financing will be used for working capital purposes.
• $1.25 million traditional factoring facility was provided to a women’s apparel manufacturer in New York. The financing will be used to pay off a previous lender and for working capital purposes.
• $1.745 million SBA 7(a) term loan facility was provided to an independent insurance agency in Texas. The financing will be used to pay off a previous lender.
• $300,000 accounts receivable purchase facility was provided to a freight broker in Utah. The financing will be used for working capital purposes.
• $510,000 SBA 7(a) term loan facility was provided to an independent insurance agency in Maine. The financing will be used to pay off a previous lender.
• $3.0 million traditional factoring facility was provided to a wholesaler of wireless home surveillance devices in Missouri. The financing will be used for working capital purposes.