Daily News: April 4, 2012

Crestmark Provides $15.9 Million to 16 Companies in March


Crestmark provided $15.95 million in working capital facilities to 16 businesses in March 2012.

Crestmark’s Troy, MI office provided:

  • $300,000 ledgered line of credit to a Michigan staffing company providing speech and physical therapists

  • $500,000 accounts receivable purchase facility to an Illinois manufacturing company

  • $500,000 ledgered line of credit to a Kentucky company providing specialized transportation services

  • $750,000 ledgered line of credit to a Michigan recruiting company

  • $2.5 million asset-based lending facility to an Ohio steel supplier

    Crestmark’s West Palm Beach, FL office provided:

  • $4 million asset-based lending facility to an Ohio commercial printing company

  • $500,000 ledgered line of credit to a California staffing agency

  • $500,000 accounts receivable purchase facility to a North Carolina startup furniture importer

    Crestmark’s New York, NY office provided:

  • $750,000 ledgered line of credit to a New York temporary staffing company

  • Funds as collected arrangement to a New York wholesaler of men’s and women’s apparel

  • Funds as collected arrangement to a New Jersey wholesaler of women’s apparel

    Crestmark’s Baton Rouge, LA office provided:

  • $300,000 accounts receivable purchase facility to an Alabama provider of supplemental education services

  • $4 million accounts receivable purchase facility to a Texas logistics company serving oil fields

    Crestmark’s Franklin, TN office provided:

  • $750,000 accounts receivable purchase facility to a California trucking company serving the West Coast

  • $250,000 accounts receivable purchase facility to an Ohio furniture transport company

  • $350,000 accounts receivable purchase facility to an Alabama steel hauler

    Crestmark is a provider of innovative financial solutions for small- to medium-sized businesses.