Daily News: January 4, 2012

Crestmark Provides Over $13 Million to 24 Businesses


Crestmark provided $13.175 million in working capital facilities to 24 businesses in December 2011.

Crestmark’s Troy, MI office provided:

  • a $300,000 ledgered line of credit to a Michigan transitional housing provider

  • a $250,000 accounts receivable purchase facility to an Ohio heating and cooling service provider

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

  • a $750,000 ledgered line of credit to an Indiana service provider to the wireless and wind energy industry

  • a $750,000 accounts receivable purchase facility to a Michigan supplier of promotional products

  • a $2.5 million accounts receivable purchase facility to a Michigan logistics processing company

    Crestmark’s West Palm Beach, FL office provided:

  • a $350,000 ledgered line of credit to a North Carolina packaging company

  • Funds as collected arrangement to a Florida manufacturer of women’s costume jewelry

  • Funds as collected agreement to a Florida importer of men’s apparel

  • Funds as collected agreement to a North Carolina importer of occasional furniture

  • a $2 million ledgered line of credit to a Maryland IT staffing company

  • a $750,000 ledgered line of credit to a Maryland data communication service

  • a $600,000 ledgered line of credit to a Michigan manufacturer and distributor of nutritional products

  • a $500,000 ledgered line of credit to a New York staffing company

    Crestmark’s New York, NY office provided:

  • Funds as collected agreement to a New Jersey designer and seller of moderate-priced furniture

    Crestmark’s Baton Rouge, LA office provided:

  • a $750,000 ledgered line of credit to a Texas supplier of wholesale rigging

  • a $1 million ledgered line of credit to a Texas manufacturer of well control component parts

    Crestmark’s Nashville, TN office provided: (7)

  • a $125,000 accounts receivable purchase facility to a Georgia hauler of refrigerated and dry goods

  • a $300,000 accounts receivable purchase facility to a California long haul trucking company

  • a $750,000 accounts receivable purchase facility to a Mississippi trucking company

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

  • a $400,000 accounts receivable purchase facility to a North Carolina general freight hauler

  • a $400,000 accounts receivable purchase facility to a North Carolina coast-to-coast freight hauler

  • a $100,000 accounts receivable purchase facility to a Kentucky general freight hauler

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