Daily News: June 20, 2014

Crestmark Closes Three Deals First Half of June


Crestmark announced it secured a total of $3.75 million in financial solutions for three new clients in the first two weeks of June.

The transactions are outlined below:

  • $1.5 million traditional factoring facility was provided to a California manufacturer and distributor of women’s footwear.
  • $1.5 million accounts receivable purchase facility was provided to a staffing company located in Georgia.
  • $0.75 million traditional factoring facility was provided to Florida distributor of consumer products.