Daily News: February 6, 2012

Crestmark Provides $7.8 Million to 14 Businesses in January


Crestmark provided $7.825 million in working capital facilities to 14 businesses in January 2012.

Crestmark’s Troy, MI office provided:

  • $400,000 accounts receivable purchase facility to a Canadian manufacturer and distributor of automotive parts

  • $750,000 ledgered line of credit to an Illinois transfer and delivery company

  • $350,000 ledgered line of credit to an Arizona internet tracking company

  • $2.5 million asset based lending facility to a California/Kentucky media and plastics company

  • $1.5 million ledgered line of credit to a Missouri general staffing company

    Crestmark’s West Palm Beach, FL office provided:

  • $500,000 ledgered line of credit to a Florida clerical and industrial staffing company

  • $350,000 ledgered line of credit to a Pennsylvania staffing company

  • Funds as collected agreement to a Washington, DC wholesaler of fresh flowers

    Crestmark’s New York, NY office provided:

  • Funds as collected agreement to a New Jersey designer and importer of womens’ handbags

  • Funds as collected agreement to a New York designer of urban men’s apparel

    Crestmark’s Baton Rouge, LA office provided:

  • $500,000 ledgered accounts receivable facility to a New York distributor of military and commercial parts and components

    Crestmark’s Franklin, TN office provided:

  • $100,000 accounts receivable purchase facility to a Kentucky trucking company

  • $100,000 accounts receivable purchase facility to a Kentucky start-up trucking company

  • $125,000 accounts receivable purchase facility to a Texas general commodities hauler

    Crestmark is a provider of working capital solutions for small- to medium-sized businesses.