Crestmark Closes Seven Deals in First Two Weeks of December
During the first two weeks of December a total of $6.55 million in financial solutions was secured for seven new Crestmark clients.
During the first two weeks of December a total of $6.55 million in financial solutions was secured for seven new Crestmark clients.
Star Funding provided a $5 million accounts receivable factoring facility to a commercial solar projects installer.
Star Funding provided $15 million financing to a consumer electronics manufacturer and distributor. The facility will be used to provide purchase order finance and accounts receivable factoring.
Joseph Kiefer joined Bibby Financial’s Midwest team as VP Business Development where he will serve Ohio, Kentucky and Indiana. He has previously worked at LSQ Funding Group and Culture Current Research.
Graystone Capital said it extended a $300,000 accounts receivable line of credit to a CA-based print production company.
Creative Edge Nutrition, a nutritional supplement company focusing on active lifestyles, announced it received a $2 million financing contract with Ashford Finance.
US Capital Partners provided a $300,000 accounts receivable and inventory line of credit that is scalable to $1 million for Ramard, a developer and distributor of equine, canine, feline, and human FDA-approved nutraceutical healthcare products.
DS-Concept Factoring has announced the appointment of John Stillwaggon as vice president of Sales in its North American office in Manhattan. Previously, he was an account manager at Coface.
Darla Auchinachie has joined the IFA as director of Development. She was previously a vice president at Bridge Bank where she led a team that managed a segment of the bank’s Capital Finance Division ABL Portfolio.
The Porter Capital Group, which specializes in A/R financing, closed six transactions totaling $600,000 in November