Daily News: November 20, 2013

Crestmark Closes Three Transactions Totaling More than $1.5MM

Crestmark announced it secured a total of $1.6 million in facilities for three new clients in the first two weeks of November. They included:

  • a $750,000 ledgered line of credit facility was provided to a Georgia provider of media ink for the textile printing industry,
  • a $350,000 A/R purchase facility to an Illinois transportation company (funding will be used to provide working capital), and
  • a $500,000 traditional factoring facility provided to a New York importer and distributor of accessories and embellishments.