Daily News: December 6, 2013

Crestmark Provides More than $4.5MM in Late November

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

  • On November 22, a $1.5 million ledgered line of credit facility with advances on A/R was provided to an IT consultant located in Michigan.

  • A $1 million ledgered line of credit facility was provided on November 22 to a Florida provider of soil erosion and water filtration products and services.

  • On November 27, a $2 million ABL facility with advances on accounts receivable and a term loan component was provided to a Michigan manufacturer of emergency communications and security products.