Daily News: March 19, 2014

Crestmark Provides $2.5MM in Financing in Early March

Crestmark announced it secured the following financial solutions for three new clients in the first two weeks of March:

  • On March 7, 2014, a $500,000 A/R purchase facility was provided to an oilfield services and trucking company in Texas.
  • A $500,000 ledgered credit line was provided on March 12, 2014, to a North Carolina provider of training and support services.
  • On March 13, 2014, a $1.5 million ABL facility was provided to a Michigan designer of specialty vehicles. The funds will be used for working capital purposes.