Crestmark secured a total of $9.7 million in financial solutions for 10 new clients in the first half of May. Outlined below are brief descriptions of the transactions:

• $1.0 million new lease transaction with a media company in the northeastern U.S. for technology equipment
• $2.38 million SBA 7(a) term loan facility to an independent insurance agency in North Carolina for acquisition purposes
• $1.14 million SBA 7(a) term loan facility to an independent insurance agency in Michigan to pay off an existing lender and for acquisition purposes
• $125,000 A/R purchase facility to a trucking company in Georgia for working capital purposes
• $750,000 traditional factoring facility to a men’s apparel company in New York for working capital purposes
• $750,000 A/R purchase facility to a trucking company in Minnesota to pay off an existing lender and for working capital purposes
• $750,000 A/R purchase facility was provided to a startup trucking company in Illinois for working capital purposes
• $2.0 million asset-based line of credit facility to a manufacturer of plastic packaging in California to pay off an existing lender and for working capital purposes
• $500,000 traditional factoring facility to a distributor of men’s and women’s apparel in New York for working capital purposes
• $300,000 A/R purchase facility to a trucking company in Alabama to pay off an existing lender and for working capital purposes