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Crestmark's January 2012 Working Capital Solutions

PRESS RELEASE

For Immediate Release February 3, 2012

Contact: Lisa Beattie
Phone: 248-267-1639
 
Crestmark provided $7,825,000 in working capital facilities to 14 businesses in January 2012.       
 
Crestmark’s Troy, MI office provided:      
 
  • $400,000 accounts receivable purchase facility to a Canadian manufacturer and distributor of automotive parts.
  • $750,000 ledgered line of credit to an Illinois transfer and delivery company
  • $350,000 ledgered line of credit to an Arizona internet tracking company
  • $2,500,000 asset based lending facility to a California/Kentucky media and plastics company
  • $1,500,000 ledgered line of credit to a Missouri general staffing company
 
Crestmark’s West Palm Beach, FL office provided:
 
  • $500,000 ledgered line of credit to a Florida clerical and industrial staffing company
  • $350,000 ledgered line of credit to a Pennsylvania staffing company
  • Funds as collected agreement to a Washington, DC wholesaler of fresh flowers
 
Crestmark’s New York, NY office provided:
 
  • Funds as collected agreement to a New Jersey designer and importer of womens’ handbags
  • Funds as collected agreement to a New York designer of urban men’s apparel
 
Crestmark’s Baton Rouge, LA office provided:  
 
  • $500,000 ledgered accounts receivable facility to a New York distributor of military and commercial parts and components
 
Crestmark’s Franklin, TN office provided:  
 
  • $100,000 accounts receivable purchase facility to a Kentucky trucking company
  • $100,000 accounts receivable purchase facility to a Kentucky start-up trucking company
  • $125,000 accounts receivable purchase facility to a Texas general commodities hauler
 
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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