Crestmark Closes Three Transactions Totaling $650,000 in the first two weeks of July 2012
TROY, Michigan (July 19, 2012) -- Crestmark is pleased to announce the following three new clients from July 1 to July 16.
On July 11 Crestmark provided a Michigan-based software development organization $200,000 Accounts Receivable Purchase Facility. Funding will be used toward Internet technology and Web application growth.
Crestmark also funded the brokerage division of a Missouri trucking company July 12 for $250,000 Accounts Receivable Purchase. The company was in need of working capital and will broker overflow loads of a nationwide pet food distributor.
On July 16 Crestmark funded a trucking company $200,000 Accounts Receivable Purchase Facility. This start-up company is based in Tennessee and was referred by a current Crestmark client.
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 to myriad businesses including manufacturing, staffing, transportation, petrochemical / oil and gas well servicing companies, government contractors, retail supply chain, and more. Headquartered in Troy, Michigan, with regional offices in Florida, Louisiana and Tennessee; sales offices located in Alabama, California, Georgia, Illinois, Ohio, New Jersey, New York, Missouri, North Carolina, Tennessee and Texas. www.crestmark.com