Daily News: December 3, 2012

Crestmark Closes $3 Million in Transactions in H2/November


During the second half of November, Crestmark secured financial solutions for four new clients totaling $3,052,000. The deals include:

  • On November 13, a $1.152 million term loan facility was funded for a New York manufacturer of disposable plastic products for the food industry. Funding will be used for working capital.

  • A $250,000 traditional factoring facility was funded November 20 for a New York startup that distributes handbags and fashion accessories to large retailers across the country.

  • On November 21, Crestmark funded a $150,000 accounts receivable Purchase facility for a small trucking company based in Kentucky. Funding will be used for amortization and working capital.

  • On November 30, Crestmark funded a $1,500,000 ledgered line of credit facility for a California-based product development, distribution and marketing company that specializes in therapeutic products for children.

    Crestmark is a provider of financial solutions for small- to medium-sized businesses.