Daily News: June 5, 2012

Crestmark Provides Over $18 Million to 17 Companies in May


Crestmark provided $18.55 million in working capital facilities to 17 businesses in May 2012.

Crestmark’s Troy, MI office provided:

  • $500,000 accounts receivable purchase facility to a California textile distributor

  • $500,000 ledgered line of credit to a Michigan company specializing in wiring assembly

  • $500,000 ledgered line of credit to a Tennessee printer

  • $5 million asset-based lending facility to an Ohio trucking company

  • $250,000 accounts receivable purchase facility to a Michigan landscaping service provider

  • $3 million ledgered line of credit to a Michigan jewelry manufacturer

    Crestmark’s Boynton Beach, FL office provided:

  • $750,000 ledgered line of credit to a California full-service staffing company

    Crestmark’s New York, NY office provided:

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

  • Funds as collected agreement to a New York apparel reseller

  • Funds as collected agreement to a New York distributor of office and school supplies

    Crestmark’s Baton Rouge, LA office provided:

  • $250,000 accounts receivable purchase facility to an Alabama IT staffing company

  • $2 million ledgered line of credit to a Texas manufacturer of specialty food products

    Crestmark’s Franklin, TN office provided:

  • $150,000 accounts receivable purchase facility to a Delaware general freight hauler

  • $5 million asset-based lending facility to an Iowa refrigerated food carrier

  • $250,000 accounts receivable purchase facility to a Kentucky start-up transportation company

  • $300,000 accounts receivable purchase facility to a California grocery freight hauler

  • $100,000 accounts receivable purchase facility to a Florida start-up general freight hauler

    Crestmark is a provider of innovative financial solutions for small- to medium-sized businesses.