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Crestmark's June 2010 Fundings

PRESS RELEASE
For Immediate Release July 12, 2010
Contact: Lisa Beattie
Phone: 248.267.1639
Email: lbeattie@crestmark.com

Crestmark provided $18,200,000 in working capital facilities to 19 new businesses in June 2010.

Crestmark’s Troy, MI office provided:
• $500,000 to a Michigan equipment leasing company
• $2,000,000 to a Michigan distributor of parts to the automotive industry
• $3,000,000 to a Michigan producer of metal stamping and coatings to the automotive industry
• $1,500,000 to a Michigan designer/builder of tools and fixtures for automotive final assembly


Crestmark’s West Palm Beach, FL office provided:
• $ 500,000 to a Florida software developer
• $3,000,000 to a New Jersey temporary staffing company
• Funds as collected factoring arrangement to a North Carolina furniture importer


Crestmark’s Baton Rouge, LA office provided:
• $500,000 to a Louisiana oilfield service company
• $500,000 to a California temporary staffing company providing temporary labor
• $150,000 to a Virginia engineering & fabrication services for the military
• $300,000 to a California electrical services company
• $700,000 to a Florida corporate furniture dealership

Crestmark Transportation Services, the transportation specialty subsidiary of Crestmark,
located in Nashville, TN provided:
• $300,000 to an Illinois transportation brokerage
• $500,000 to two North Carolina trucking companies
• $750,000 to a Illinois truckload carrier
• $500,000 to an Arkansas start-up truckload carrier
• $1,500,000 to an Oklahoma new trucking company
• $2,000,000 to an Indiana truckload carrier

 

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