Crestmark Closes Three Transactions Totaling $1 Million in the Last Half of August

TROY, MICHIGAN (September 5, 2014) Crestmark secured a total of $1,050,000 in financial solutions for three new clients in the last half of August.

  • On August 15, a $500,000 traditional factoring facility was provided to a footwear importer in California.
  • A $300,000 traditional factoring facility was provided on August 27 to a New York designer and manufacturer of high-end women’s shoes to be used for working capital purposes.
  • On August 29, a $250,000 line of credit was provided to a charter school in Michigan.

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 machinery/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 Colorado, Indiana, Ohio, Maryland, North Carolina, and Texas. www.crestmark.com