contact

Call us today at

888.999.8050

for more information about our services; or use our apply online form, or fill out our contact form.

If you’ve previously worked with one of our representatives, find them here.

Crestmark Closes Nine Transactions Totaling More Than $16.5 Million in the Month of June

TROY, MICHIGAN (July 1, 2013) – Crestmark secured a total of $16,650,000 in financial solutions for nine new clients during the month of June.

• On June 3, a $500,000 traditional factoring facility was provided to a New York footwear company.

• Also on June 3, a $750,000 ledgered line of credit facility was provided to a Connecticut transportation company.

• A $7,500,000 ledgered line of credit facility was provided on June 14 to a Texas oilfield services company. Funding will be used to pay off the prior lender and provide working capital.

• On June 17, a $2,000,000 ledgered line of credit facility was provided to a Texas food distribution company. Funding will be used to pay off the prior lender and provide working capital.

• On June 18, a $150,000 accounts receivable purchase facility was provided to a Kentucky transportation company. Funding will be used to provide working capital.

• A $1,500,000 ledgered line of credit facility was provided on June 19 to a Georgia distributor of wood products.

• On June 20, a $2,500,000 asset-based lending facility with advances on inventory was provided to a Washington specialty food products company. Funding will be used to pay off the prior lender and provide working capital.

• On June 27, a $1,500,000 asset-based lending facility with advances on inventory was provided to a Texas flooring company. Funding will be used to pay off the prior lender and provide working capital.

• A $250,000 traditional factoring facility was provided on June 29 to a Georgia flooring importer.
 

Crestmark is a nationally known and respected FDIC-insured bank that provides innovative financial solutions for small- to medium-sized businesses. Financing solutions include asset-based lending, accounts receivable financing, lines of credit, factoring and equipment financing. Crestmark finances most business-to-business companies, and has extensive experience in helping many industries including transportation, manufacturing, staffing, petrochemical, government contractors, apparel and furniture manufacturing. Headquartered in Michigan, with locations in California, Florida, Louisiana, Tennessee, New York, and Illinois; representatives in Alabama, Maryland, North Carolina, and Texas. www.crestmark.com

###

Archives: 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006




Facebook LinkedIn Bookmark and Share

© 2014 Crestmark Bank ® All rights reserved.    | Community Reinvestment Notice | Privacy | Member FDIC