Daily News: November 2, 2012

Crestmark Closed Seven Transactions Totaling $9 Million

Crestmark closed seven transactions in the month of October totalling $9 million. The deals include:

  • On October 2, Crestmark provided a $150,000 accounts receivable purchase facility to a Michigan-based logistics company, a division of a transportation corporation. Funding will be used as working capital for this logistics startup looking to make more of a presence in Southeast Michigan.
  • October 3, Crestmark funded a $1 million asset-based lending facility for a North Carolina importer of gift and home d