Crestmark Ranked on the List for the Second Time
(TROY, MICHIGAN, August 13, 2015) Troy-headquartered Crestmark Bank is one of the fastest growing private companies in the U.S. according to Inc. magazine. In its just-released 34th annual list of America’s Fastest Growing Private Companies, Crestmark ranked 61st among the fastest-growing companies in Metro-Detroit, 102nd in Michigan, 230th in the Financial category, and 4635th nationally. The rankings are based on Crestmark’s growth of 54% over the last three years; this is the second time Crestmark made this prestigious list.
Making the Inc. list is one of many measures of Crestmark’s success since its founding in 1996. Its entrepreneurial founders started with a business model offering innovative financing solutions to small- and medium-sized businesses that couldn’t get loans from traditional lenders. In addition, it became an expert in niche markets; such as transportation, the garment industry, and equipment leasing; which helped contribute to its growth. Over the last three years, Crestmark has seen increases in the number of product offerings, clients served; and employees.
“Making Inc.’s 2015 list of Fastest Growing Private U.S. Companies is great recognition of Crestmark’s success in doing what we set out to do every day,” said Crestmark Chairman and CEO David Tull. “It is very satisfying to help small- and medium-sized businesses get the financing they need, and to have a part in the success of so many US businesses every year.”
“This is the second time we’ve made the list, and it is one measure of our ability to help businesses get the financing they need.” said Tull. “We are an entrepreneurial company helping other entrepreneurs be successful.”
About Inc. and the Inc. 5000
The Inc. 500 / 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation’s most successful private companies has become the hallmark of entrepreneurial success.
The 2015 Inc. 5000 is ranked according to percentage revenue growth when comparing 2011 to 2014. To qualify, companies must have been founded and generating revenue by March 31, 2011. They had to be U.S.-based, privately held, for profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2014. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2011 is $100,000; the minimum for 2014 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/5000. For more information, visit http://www.inc.com.