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Working Capital Solutions Provided in March 2012

 

PRESS RELEASE
For Immediate Release April 3, 2012
 
Contact: Lisa Beattie
Phone: 248-267-1639
 
Crestmark provided $15,950,000 in working capital facilities to 16 businesses in March 2012.        
 
Crestmark’s Troy, MI office provided:
 
  • $300,000 ledgered line of credit to a Michigan staffing company providing speech and physical therapists
  • $500,000 accounts receivable purchase facility to an Illinois manufacturing company
  • $500,000 ledgered line of credit to a Kentucky company providing specialized transportation services
  • $750,000 ledgered line of credit to a Michigan recruiting company
  • $2,500,000 asset based lending facility to an Ohio steel supplier
Crestmark’s West Palm Beach, FL office provided:
 
  • $4,000,000 asset-based lending facility to an Ohio commercial printing company
  • $500,000 ledgered line of credit to a California staffing agency
  • $500,000 accounts receivable purchase facility to a North Carolina start-up furniture importer
Crestmark’s New York, NY office provided:
 
  • $750,000 ledgered line of credit to a New York temporary staffing company
  • Funds as collected arrangement to a New York wholesaler of men’s and women’s apparel
  • Funds as collected arrangement to a New Jersey wholesaler of women’s apparel
Crestmark’s Baton Rouge, LA office provided:
 
  • $300,000 accounts receivable purchase facility to an Alabama provider of supplemental education services
  • $4,000,000 accounts receivable purchase facility to a Texas logistics company serving oil fields
Crestmark’s Franklin, TN office provided:
 
  • $750,000 accounts receivable purchase facility to a California trucking company serving the west coast
  • $250,000 accounts receivable purchase facility to an Ohio furniture transport company
  • $350,000 accounts receivable purchase facility to an Alabama steel hauler
 

Crestmark is a nationally recognized provider of innovative financial solutions for small- to medium-sized businesses. Financing solutions include asset-based lending, accounts receivable financing, lines of credit and factoring. Crestmark finances most business-to-business companies, and has extensive experience in many industries including transportation, manufacturing, staffing, government contractors, apparel and furniture manufacturing. Headquartered in Michigan, with offices in Florida, Louisiana, Tennessee, New York, Alabama, California, Florida, Georgia, Illinois, Ohio, Missouri, North Carolina, and Texas. www.crestmark.com

 
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