Crestmark Helps 15 Clients in December, Providing Over $23 Million

TROY, MICHIGAN (January 8, 2015) – Crestmark secured a total of $23,225,000 in financial solutions for fifteen new clients in the month of December.

• A $225,000 SBA term loan facility was provided on December 1 to a Florida insurance agency. The financing will be used for working capital purposes.

• On December 2, a $2,000,000 equipment leasing facility was provided to a renewable energy producer in Pennsylvania. The financing will be used for working capital purposes.

• A $700,000 accounts receivable purchase facility was provided on December 3 to a fire safety products distributor in Michigan. The financing will be used to pay off a previous lender and for working capital purposes.

• On December 5, a $1,000,000 traditional factoring facility was provided to a New York manufacturer and distributor of women’s apparel.

• A $3,800,000 SBA term loan facility was provided on December 8 to a Louisiana hotel management company. The financing will be used for acquisition purposes.

• On December 12, a $1,000,000 accounts receivable purchase facility was provided to a marine services provider in Rhode Island. The financing will be used for working capital purposes.

• A $2,000,000 accounts receivable purchase facility was provided on December 12 to an oil field services provider in Texas and will be used for working capital purposes.

• On December 12, a $2,000,000 asset-based line of credit was provided to an accessories designer and manufacturer in Ohio. The financing will be used to pay off a previous lender and for working capital purposes.

• A $6,000,000 asset-based line of credit was provided on December 15 to a marketing firm in Ohio. The financing will be used to pay off a previous lender and for working capital purposes.

• A $750,000 accounts receivable purchase facility was provided on December 18 to a tool and die manufacturer in South Dakota. The financing will be used for working capital purposes.

• On December 18, Crestmark entered into a funds as collected agreement with a New York apparel distributor.

• A $750,000 accounts receivable purchase facility was provided on December 23 to a CNC manufacturer in Ohio. The financing will be used to pay off a previous lender.

• On December 23, a $2,000,000 asset-based line of credit was provided to commercial printer in Florida. The financing will be used for working capital purposes.

• A $500,000 accounts receivable purchase facility was provided on December 26 to a transportation company in Michigan. The financing will be used for working capital purposes.

• On December 30, a $500,000 accounts receivable purchase facility was provided to a Missouri transportation company. The financing will be used for working capital purposes.

Crestmark is an FDIC-insured bank that provides innovative financial solutions for businesses nationwide. Financing solutions include asset-based lending, accounts receivable financing, lines of credit, term loans, factoring, machinery/equipment financing and equipment leasing. Crestmark has extensive experience in helping many industries including transportation, manufacturing, staffing, petrochemical, government contractors, apparel/footwear/furniture distribution/manufacturing, hospitality/hotels, insurance agencies, and technology hardware/software. Headquartered in Michigan, with additional offices in California, Florida, Louisiana, Tennessee, New York, and Illinois; and representatives nationwide. www.crestmark.com

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