Crestmark Closes Three Transactions Totaling More than $1.5 Million in the First Two Weeks of November

TROY, MICHIGAN (November 19, 2013) – Crestmark secured a total of $1,600,000 in financial solutions for three new clients in first two weeks of November.

  • On November 1, a $750,000 ledgered line of credit facility was provided to a Georgia provider of media ink for the textile printing industry.
  • A $350,000 accounts receivable purchase facility was provided on November 7 to an Illinois transportation company. Funding will be used to provide working capital.
  • On November 15, a $500,000 traditional factoring facility was provided to a New York importer and distributor of accessories and embellishments.

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.