Daily News: October 19, 2012

Crestmark Closes Five Transactions So Far in October


In the first two weeks of October, Crestmark helped five new clients secure agreements totaling $3.5 million.

On October 2, Crestmark provided a $150,000 accounts receivable purchase facility to a Michigan-based logistics company, a division of a transportation corporation. Funding will be used as working capital for this logistics startup looking to make more of a presence in southeast Michigan.

On October 3, Crestmark funded a $1 million asset-based lending facility for a North Carolina importer of gift and home d