Daily News: March 5, 2012

Crestmark Provides Over $12 Million to 22 Businesses in February


Crestmark provided $12.88 million in working capital facilities to 22 businesses in February 2012.

Crestmark’s Troy, MI office provided:

  • a $600,000 ledgered line of credit to a Michigan producer of iron and steel casings

  • a $750,000 ledgered line of credit equipment financing to a Michigan manufacturer of automotive and aerospace parts

  • a $3 million ledgered line of credit to a California shipping broker for a large manufacturer

  • a $800,000 ledgered line of credit to a California manufacturer of sheet metal components

  • a $400,000 ledgered line of credit to a Michigan provider of fabrications and machining

  • a $500,000 ledgered line of credit to a Michigan startup staffing company

    Crestmark’s West Palm Beach, FL office provided:

  • a $3 million ledgered line of credit to a North Carolina manufacturer and distributor of medical supply products

  • a $1 million ledgered line of credit to Pennsylvania and Virginia manufacturers of custom wood products

  • a $300,000 ledgered line of credit to a Massachusetts distributor of medical supplies

  • Funds as collected agreement to a North Carolina manufacturer of wood furniture

    Crestmark’s New York, NY office provided:

  • Funds as collected agreement to a Canadian distributor of computer supplies

  • Funds as collected agreement to a New York designer of private label and branded apparel

  • Funds as collected agreement to a New York designer of branded apparel and fashion accessories

  • Funds as collected agreement to a New York designer of low-priced apparel

  • Funds as collected agreement to a New York designer and importer of footwear

    Crestmark’s Baton Rouge, LA office provided:

  • a $500,000 accounts receivable purchase facility to a North Carolina provider of technical support

    Crestmark’s Franklin, TN office provided:

  • a $130,000 accounts receivable purchase facility to a Mississippi hauler of furniture and housegoods

  • a $100,000 accounts receivable purchase facility to a Wyoming contract hauling company

  • a $400,000 accounts receivable purchase facility to an Illinois hauler of perishable goods

  • a $900,000 accounts receivable purchase facility to an Indiana trucking company

  • a $300,000 accounts receivable purchase facility to an Indiana trucking company

  • a $200,000 accounts receivable purchase facility to a Tennessee trucking company

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