Daily News: May 2, 2012

Crestmark Provides $17.3MM to 19 Businesses in April 2012


Crestmark provided $17.3MM in working capital facilities to 19 businesses in April 2012.

Crestmark’s Troy, MI office provided:

  • $625,000 asset based lending facility to a West Virginia manufacturing and training company
  • $750,000 ledgered line of credit to a Minnesota technology services company
  • $5,000,000 ledgered line of credit to a Michigan manufacturer of automotive parts
  • $500,000 ledgered line of credit to a New Jersey packaged food provider
  • $250,000 accounts receivable purchase facility to an Illinois temporary staffing company
  • $1,000,000 accounts receivable purchase facility to a Canadian manufacturer of custom paint and coating
  • $275,000,000 asset based lending facility to a California publishing company

    Crestmark’s Boynton Beach, FL office provided:

  • $650,000 ledgered line of credit to a Florida clerical staffing company
  • $1,500,000 ledgered line of credit to a Maryland provider of IT and telephony support
  • Funds as collected agreement to a California importer of furniture

    Crestmark’s New York, NY office provided:

  • Funds as collected agreement to a New York textile retailer

    Crestmark’s Baton Rouge, LA office provided:

  • $800,000 ledgered line of credit to an Alabama lumber distributor
  • $500,000 accounts receivable purchase facility to a Texas engineering company
  • $350,000 accounts receivable purchase facility to a Texas full-service staffing firm
  • $1,500,000 ledgered line of credit to an Alabama electronics manufacturer

    Crestmark’s Franklin, TN office provided:

  • $250,000 accounts receivable purchase facility to an Illinois trucking company
  • $375,000 accounts receivable purchase facility to a California start-up company hauling general freight
  • $250,000 accounts receivable purchase facility to a Texas sand and gravel hauler
  • $250,000 accounts receivable purchase facility to an Indiana start-up trucking company