Daily News: April 30, 2014

Crestmark Bank Increases Nutroganics Financing Commitment

Nutroganics announced Crestmark Bank increased its financing commitment to Nutroganics to $1 million through two separate facilities of $500,000 each to Silverbow Honey and NuStar Manufacturing, Nutroganics’ wholly owned subsidiaries.

“We are pleased that Crestmark Bank has chosen to increase its commitment to Nutroganics,” said CEO David Sackler. “We look forward to working closely with their team as we continue to build the Nutroganics brand.”

Nutroganics, Inc. acquires and grows revenue-generating businesses operating in the consumables segment of the healthy lifestyle marketplace including natural and organic foods and nutritional supplements.

Crestmark is an FDIC-insured bank that provides financial solutions for small- to medium-sized businesses. Financing solutions include asset-based lending, accounts receivable financing, lines of credit, factoring and equipment financing.