Crestmark Westgate Makes a Move to Support Business

Crestmark Westgate has moved its office to New York City on November 21, 2011 from their previous location in Hoboken, New Jersey. This move brings them to the New York garment district, where many of their clients are located. Crestmark Westgate provides traditional factoring to the apparel, footwear, furniture industries, among other financial services.

In addition to traditional factoring, Crestmark will be offering asset-based lending from its New York office. “I have been looking forward to getting back to my New York roots,” said Jim Rothman, Group President of the Eastern Region for Crestmark.

“We wanted to become more centrally located to better serve our client base,” said Jack McLaughlin, First Vice President. “We’ve been growing since joining the Crestmark family last year, and really needed a larger space, so the move made perfect sense. The new location will also allow for future planned growth… and we’re excited to be in the city.”

Crestmark is a nationally recognized provider of working capital solutions for small- to medium-sized businesses. Financing solutions include asset-based lending, accounts receivable financing, lines of credit and factoring. Crestmark finances most business-to-business industries, and has extensive experience in many industries including manufacturing, staffing, government contractors, apparel and transportation. Headquartered in Troy, Michigan, with regional offices in Florida, Louisiana and Tennessee; business development offices located in Alabama, California, Florida, Georgia, Illinois, Ohio, New Jersey, New York, Missouri, North Carolina, Tennessee and Texas.