Daily News: September 8, 2014

Crestmark Closes $1MM in Late August Transactions

Crestmark secured a total of $1.05 million in financial solutions for three new clients in the last half of August.

On August 15, a $500,000 traditional factoring facility was provided to a footwear importer in California.

A $300,000 traditional factoring facility was provided on August 27 to a New York designer and manufacturer of high-end women’s shoes to be used for working capital purposes.

On August 29, a $250,000 line of credit was provided to a charter school in Michigan.

Crestmark is an FDIC-insured bank that provides financial solutions for small- to medium-sized businesses.