Daily News: April 3, 2014

Crestmark Closes $4.75MM in Latter March

Crestmark announced the following financial solutions:

  • On March 19 a $1.5 million ABL facility was provided to a supplier of LED light bulbs in Michigan. The funds will be used for working capital needs and to facilitate growth.
  • A $3 million ledgered line of credit was provided on March 28 to a Michigan automotive coatings company. The facility was used for working capital purposes.
  • On March 28, a $250,000 A/R purchase facility was secured to provide working capital to a Michigan start-up freight broker.