A new Crestmark client, Lincolnton Furniture, was featured on the NBC program, Rock Center with Brian Williams, on Monday January 30. It is a great story, and we feel thankful that we can be a part of not only helping our clients, but knowing that the working capital helps provide new American jobs.

Check out the story... it is an inspiring one. Our North Carolina business development officer, Tim Hutchinson found this client, and West Palm Regional Office was able to fund them in less than 10 days.

http://video.msnbc.msn.com/rock-center/46198559/#46198559

Capping off a year of hard work, Crestmark's Jeff Mitchell accepted the Commercial Finance Association 2011 Chapter of the Year recognition for the Florida Chapter, of which he was President. Also from Crestmark on the Chapter board is Bob Harbers. Jeff, on the right, is shown with the CFA President Bruce Sprenger at the CFA Annual Convention in New York.

Crestmark's Hoboken New Jersey office has picked up and moved into the garment district in New York City. They're happy to be a part of the city life, and will be more centrally located for their client base. Additionally, the office which traditionally offers traditional factoring to the apparel and footwear industries, will now be offering asset-based lending working capital solutions. Their new location is at: 535 Eighth Avenue, 6th Floor N, New York, NY 10018 and their new office number is 212.413.0900

In the article, Tull explains: "We primarily finance companies that can't get working capital from traditional banks. Although we are a bank ourselves, we don't do all the things that most banks do. For example, we don't do consumer loans or offer checking accounts. All we do is finance business-to-business transactions."

Within the commercial sector, Crestmark provides working capital to a wide variety of businesses. Tull told The Suit, "We finance all kinds of companies, from auto suppliers to perfume manufactures to furniture distributors. We are very big into financing truckers, the transportation world, and staffing companies. And we even have one client that manufactures gourmet dog treats."

Read the entire article here:

http://www.thesuitmagazine.com/business/finance/21592-banking-b2b.html

Crestmark has recently received recognition from several industry entities including; SNL Financial, American Banker, and the ABA Banking Journal. An article in American Banker showed us as having the fifth highest Commercial and Industrial Loan Portfolios for independent banks with assets less than $1 billion. It is great to be recognized within the accounts receivable / asset-based lending / factoring industry… and as they say, it’s an honor to be nominated.

But of course, what we love to hear about even more are the clients that we have helped. Like the office supply company in upstate New York who we provided working capital that helped their business weather the turbulent economy and told us, “Crestmark is the next best thing to sneakers.”