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Recent Fundings for Crestmark Bank and Crestmark Transportation Services

PRESS RELEASE
For Immediate Release October 7, 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:

• $3,500,000 to an Indiana-based freight broker in the transportation industry who operates as a contract and common carrier within the 48 contiguous states, as well as Canada and Mexico

• $100,000 to a company located in Michigan who provides staffing for social workers and who is expecting growth in the next few months

• $3,000,000 to a California-based company who provides vitamins and nutritional supplements along with providing email advertisements in daily newsletters and text links

• $3,500,000 to an importer and wholesale distributor of gourmet foods & confections located in Michigan

• $150,000 to a Michigan-based IT and business management consulting staffing company

• $200,000 to a manufacturer of prototype tooling and parts for the automotive industry located in Michigan

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

• $2,500,000 to a Florida-based company who sells memory foam mattresses, toppers and pillows to retailers including national chains

• $500,000 to a full-service employment agency specializing in light industrial labor located in Florida

• $300,000 to a Georgia-based well established carpet wholesaler, who sells to carpet retailers and dealers nationwide

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

• $500,000 to a Kentucky-based trucking company who operates 30 trucks and hauls general freight

• $150,000 to a trucking company located in Illinois who, with the recent addition of a new partner, is expecting to grow their fleet from 2 trucks to 10

 

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