Crestmark Helps Three Clients in the First Half of June, Totaling Nearly $4 Million

TROY, MICHIGAN (June 19, 2014) – Crestmark secured a total of $3,750,000 in financial solutions for three new clients in the first two weeks of June.

  • On June 3, a $1,500,000 traditional factoring facility was provided to a California manufacturer and distributor of women’s footwear.
  • A $1,500,000 accounts receivable purchase facility was provided on June 9 to a staffing company located in Georgia.
  • On June 10, a $750,000 traditional factoring facility was provided to a Florida distributor of consumer 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 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, Indiana, Ohio, Maryland, North Carolina, and Texas.