Daily News: July 5, 2012

Crestmark Provides Over $25 Million to 23 Businesses in June


Crestmark provided $25.225 million in working capital facilities to 23 businesses in June 2012.

Crestmark’s Michigan office provided:

  • $500,000 ledgered line of credit to an Illinois hospitality services company

  • $250,000 ledgered line of credit to a Nevada provider of fabricated stone work

  • $250,000 accounts receivable purchase facility to a Michigan medical staffing company

  • $3 million asset-based lending facility to a printing equipment manufacturer

  • $1.25 million asset-based lending facility to an Ohio uniform and textile leasing company

  • $500,000 ledgered line of credit to a California manufacturer of plastic extrusion products

    Crestmark’s Florida office provided:

  • $750,000 ledgered line of credit to a North Carolina staffing company

  • $5 million ledgered line of credit to a North Carolina race team

  • $3.75 million asset-based lending facility to a North Carolina national staffing company

  • $250,000 recourse factoring facility to a North Carolina manufacturer of shelves and display cases

  • $250,000 ledgered line of credit to a Florida manufacturer of interior decor products

    Crestmark’s New York office provided:

  • $2.5 million ledgered line of credit to a New York temporary staffing company

  • Funds as collected agreement to a New York import company

    Crestmark’s Louisiana office provided:

  • $300,000 accounts receivable purchase facility to a Utah service provider to the energy industry

  • $1 million ledgered line of credit to a Texas staffing and rental company serving the oil and gas industry

  • $1.3 million accounts receivable purchase facility to a Texas distributor of office supplies

  • $1.525 million ledgered line of credit to a Texas printing company

    Crestmark’s Tennessee office provided:

  • $1.4 million accounts receivable purchase facility to a Minnesota refrigerated trucking company

  • $900,000 accounts receivable purchase facility to a California refrigerated food carrier

  • $150,000 accounts receivable purchase facility to a California trucking company

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

  • $150,000 accounts receivable purchase facility to a Wisconsin startup trucking company

  • $125,000 accounts receivable purchase facility to a Florida steel hauler

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