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Funding Announcement

PRESS RELEASE
For Immediate Release February 24, 2008


Contact: Mia Beattie
Phone: 248-267-1654

 

Crestmark Bank, a national provider of working capital solutions to small- and mid-sized businesses, has recently provided the following factoring facilities:

• $250M factoring facility to a Florida based furniture importer, serving the retail and contract furnishings market

• $500M factoring facility to a New Jersey based furniture importer, serving the retail furniture industry

• A funds-as-collected factoring facility, to provide credit protection against customer bad debts, to a North Carolina based furniture manufacturer.

• A funds-as-collected factoring facility, to provide credit protection against customer bad debts, to another North Carolina based furniture manufacturer.


These deals were closed and funded through Crestmark Bank’s West Palm Beach, FL office.

 

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