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Recent Fundings for Crestmark Bank, Crestmark Capital and Crestmark TPG

PRESS RELEASE
For Immediate Release March 18, 2009

Contact: Mia Beattie
Phone: 248-267-1654

 

Crestmark Bank, a national provider of working capital solutions to small- and mid-sized businesses, has provided the following financing solutions:

• $200,000 to a Florida-based medical staffing company to help pay off an existing line of credit
• $1,000,000 to an Ohio staffing firm who provides temporary placement of travel nurses and lab techs in hospitals nationwide


Crestmark Bank, through the West Palm Beach, FL office, has provided the following factoring facility:

• $1,000,000 to a Florida manufacturer and distributor of breath sprays, breath drops and breath strips, which will allow the company to complete national distribution of their latest licensed breath spray product


Crestmark Capital, a wholly owned subsidiary of Crestmark Bank and located in Baton Rouge, LA has provided the following financing solutions:

• $250,000 to a Louisiana machine shop to provide working capital
• $200,000 to a consulting company in Texas who does reliability consulting for power utilities
• $1,000,000 to a janitorial servicing municipalities and other businesses and located in Georgia
• $500,000 a Florida-based company that does direct marketing and lead generation.


Crestmark TPG, the transportation specialty subsidiary of Crestmark Bank, and located in Nashville, TN has provided working capital solutions to the following transportation related companies:

• $1,000,000 to an Iowa-based truck-load and less-than-truck load carrier
• $2,750,000 to a trucking company / brokerage company located in Texas who does a variety of hauling throughout the southwest
• $2,500,000 to an Ohio trucking company that hauls refrigerated loads primarily in the northeast

 

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