Crestmark Closes Three Transactions Totaling More than $4.5 Million in the Second Two Weeks of November

TROY, MICHIGAN (December 5, 2013) – Crestmark secured a total of $4,500,000 in financial solutions for three new clients in the second two weeks of November.

  • On November 22, a $1,500,000 ledgered line of credit facility with advances on accounts receivable was provided to an IT consultant located in Michigan.
  • A $1,000,000 ledgered line of credit facility was provided on November 22 to a Florida provider of soil erosion and water filtration products and services.
  • On November 27, a $2,000,000 asset-based lending facility with advances on accounts receivable and a term loan component was provided to a Michigan manufacturer of emergency communications and security products.

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.