Working Capital Solutions Provided in October 2011
PRESS RELEASE
For Immediate Release November 1, 2011
Contact: Lisa Beattie
Phone: 248-267-1639
Crestmark provided $15,500,000 in working capital facilities to 13 businesses in October 2011.
Crestmark’s Troy, MI office provided:
- $950,000 working capital line of credit to a Michigan technology manufacturer
- $250,000 accounts receivable purchase facility to a Michigan IT consulting firm
- $500,000 working capital line of credit to a Michigan steel hauler
- $750,000 working capital line of credit to a Michigan provider of promotional products
- $500,000 working capital line of credit to a Missouri provider of IT services
- $750,000 accounts receivable purchase facility to an Ohio IT staffing company
Crestmark’s West Palm Beach, FL office provided:
- $2,000,000 working capital line of credit to a California staffing company providing municipal employees
- Funds as collected agreement to a Florida wholesaler of women’s denim apparel
Crestmark’s Baton Rouge, LA office provided:
- $5,000,000 working capital line of credit to a Maryland IT consulting firm
- $3,000,000 working capital line of credit to a Texas printing company
- $800,000 working capital line of credit to a Pennsylvania medical consulting company
- $1,000,000 working capital line of credit to a Texas manufacturer of oil and gas production equipment
Crestmark’s Hoboken, NJ office provided:
· Funds as collected agreement to a California designer and developer of wholesale apparel
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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