Daily News: September 18, 2013

Crestmark Closes More Than $3MM in H1/September

Crestmark secured a total of $3.25 million in financial solutions for three new clients in the first two weeks of September.

On September 4, a $250,000 A/R purchase facility was provided to a California transportation company. Funding will be used to provide working capital.

A $2.5 million traditional factoring facility was provided on September 10 to a Pennsylvania importer and wholesaler of watches.

On September 11, a $500,000 ledgered line of credit facility was provided to an Alabama information technology company. Funding will be used to pay off a prior lender and provide working capital.