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Crestmark's April 2012 Working Capital Solutions

PRESS RELEASE

For Immediate Release May 1, 2012
 
Contact: Lisa Beattie
Phone: 248-267-1639
 
Crestmark provided $17,300,000 in working capital facilities to 19 businesses in April 2012.           
 
Crestmark’s Troy, MI office provided:      
 
  • $625,000 asset based lending facility to a West Virginia manufacturing and training company
  • $750,000 ledgered line of credit to a Minnesota technology services company
  • $5,000,000 ledgered line of credit to a Michigan manufacturer of automotive parts
  • $500,000 ledgered line of credit to a New Jersey packaged food provider
  • $250,000 accounts receivable purchase facility to an Illinois temporary staffing company
  • $1,000,000 accounts receivable purchase facility to a Canadian manufacturer of custom paint and coating
  • $275,000,000 asset based lending facility to a California publishing company
 
Crestmark’s Boynton Beach, FL office provided:
 
  • $650,000 ledgered line of credit to a Florida clerical staffing company
  • $1,500,000 ledgered line of credit to a Maryland provider of IT and telephony support
  • Funds as collected agreement to a California importer of furniture
 
Crestmark’s New York, NY office provided:
 
  • Funds as collected agreement to a New York textile retailer
 
Crestmark’s Baton Rouge, LA office provided:  
 
  • $800,000 ledgered line of credit to an Alabama lumber distributor
  • $500,000 accounts receivable purchase facility to a Texas engineering company
  • $350,000 accounts receivable purchase facility to a Texas full-service staffing firm
  • $1,500,000 ledgered line of credit to an Alabama electronics manufacturer
 
Crestmark’s Franklin, TN office provided:  
 
  • $250,000 accounts receivable purchase facility to an Illinois trucking company
  • $375,000 accounts receivable purchase facility to a California start-up company hauling general freight
  • $250,000 accounts receivable purchase facility to a Texas sand and gravel hauler
  • $250,000 accounts receivable purchase facility to an Indiana start-up trucking company
 
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, Georgia, Illinois, Ohio, Missouri, North Carolina, and Texas.  www.crestmark.com
 
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