Crestmark Closes Three Transactions Totaling $2.5 Million in the First Two Weeks of March

TROY, MICHIGAN (March 18, 2013) – Crestmark secured a total of $2,500,000 in financial solutions for three new clients in first two weeks of March.

  • On March 7 a $500,000 accounts receivable purchase facility was provided to an oilfield services and trucking company in Texas.
  • A $500,000 ledgered line of credit was provided on March 12 to a North Carolina provider of training and support services.
  • On March 13, a $1,500,000 asset based lending facility was provided to a Michigan designer of specialty vehicles. The funds will be used for working capital purposes.

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 Alabama, California, Indiana, Ohio, Maryland, North Carolina, and Texas.