Working Capital Solutions Provided in July 2011
PRESS RELEASE
For Immediate Release August 3, 2011
Contact: Lisa Beattie
Phone: 248-267-1639
Crestmark provided $14,950,000 in working capital facilities to14 new businesses in July 2011.
Crestmark’s Troy, MI office provided:
- $200,000 accounts receivable purchase facility to an Indiana trucking company
- $500,000 accounts receivable purchase facility to a Michigan property services company
- $1,000,000 asset based lending facility to a Kentucky commercial printer
- $5,000,000 working capital line of credit to a Michigan robotics company
- $750,000 accounts receivable purchase facility to a Michigan transportation services company
Crestmark’s West Palm Beach, FL office provided:
- $1,500,000 working capital line of credit to a Florida appraisal and home inspection provider
- $1,250,000 working capital line of credit to a Maine staffing provider to the energy industry
- $1,000,000 working capital line of credit to a California security staffing provider
- $1,000,000 working capital line of credit to a Kentucky and Texas temporary staffing firm
- Funds as collected arrangement to a Georgia textile importer
- $1,250,000 working capital line of credit to a South Carolina aggregate hauler
Crestmark’s Baton Rouge, LA office provided:
- $500,000 working capital line of credit to an Arizona provider of testing and evaluation services
Crestmark’s Nashville, TN office provided:
- $750,000 accounts receivable purchase facility to an Illinois trucking company
- $250,000 accounts receivable purchase facility to a New Jersey freight broker
Crestmark is a nationally recognized provider of working capital solutions for small- to medium-sized businesses. Financing solutions include asset-based lending, accounts receivable financing and factoring. Headquartered in Troy, Michigan, with regional offices in Florida, Louisiana and Tennessee; sales offices located in Alabama, California, Florida, Georgia, Illinois, New Jersey, New York, Missouri, North Carolina and Texas. www.crestmark.com
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