Working Capital Solutions provided in March 2011
PRESS RELEASE
For Immediate Release April 5, 2011
Contact: Lisa Beattie
Phone: 248-267-1639
Crestmark provided $23,835,000 in working capital facilities to 26 new businesses in March 2011.
Mid-west Region: Crestmark’s Troy, MI regional office provided:
- $250,000 to a Michigan scrap metal provider
- $5,000,000 to a Michigan producer of automobile materials
- $2,000,000 to a California integrated media management services company
- $2,000,000 to a Michigan wholesale metal distributor
- $150,000 to a Michigan provider of paratransit services
- $500,000 to a Michigan engineering staffing company
- $500,000 to a Michigan manufacturer of aircraft tooling
- $500,000 to a Virginia IT services provider
- $1,000,000 to a Michigan manufacturer of rivets
- $500.000 to an Illinois ink manufacturer and distributor
- $250,000 to a Michigan distributor of wire harnesses
- $500,000 to a Michigan staffing company providing automotive engineers
- $1,250,000 to a California rehabilitation services provider
- $185,000 to a Michigan local transportation provider
- $2,000,000 to a California producer of personal care products
South Region: Crestmark’s Baton Rouge, LA regional office provided:
- $750,000 to a Texas oil well service provider
- $1,000,000 to a Virginia engineering services company
- $2,500,000 to a Texas oil and gas field service company
- $750,000 to a Texas water delivery company
East Region: Crestmark’s West Palm Beach, FL regional office provided:
- Funds as collected arrangement to a Florida importer of beach and resort wear
- $500,000 to a California staffing company providing light industrial and clerical positions
- $250,000 to a Virginia distributor of industrial tools and supplies
- $1,500.000 to a Florida distributor of biodegradable bags and films
East Region: Crestmark’s Hoboken, NJ office provided:
- Funds as collected arrangement to a Washington designer of women’s apparel
- Funds as collected arrangement to a North Carolina manufacturer of casual furniture
- Funds as collected arrangement to a North Carolina manufacturer of designer furniture
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, Illinois, New Jersey, New York, Ohio, Missouri, North Carolina and Texas. www.crestmark.com
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