Crestmark’s April 2010 Funding Arrangements

PRESS RELEASE
For Immediate Release May 18, 2009
Contact: Lisa Beattie
Phone: 248.267.1639
Email: lbeattie@crestmark.com

Crestmark provided the following working capital financing arrangements in April 2010 to help businesses across the country.

Crestmark’s Troy, MI office provided:

  • $1,000,000 to a Michigan manufacturer of colorants for the plastics industry
  • $750,000 to a Michigan manufacturer of energy/electric control panels
  • $750,000 to a Michigan manufacturer/supplier of forklifts and forklift parts
  • $1,500,000 to a Tennessee design/manufacturer of dunnage and stamping solutions

Crestmark’s West Palm Beach, FL office provided:

  • $2,000,000 to a Florida drapery/home furnishing manufacturer
  • Non-recourse factoring arrangement with estimated $2,000,000 in sales volume to a North Carolina manufacturer/importer of French furniture
  • Non-recourse factoring arrangement with estimated $1,000,000 in sales volume to a North Carolina manufacturer/importer of Italian furniture

Crestmark’s Baton Rouge, LA office provided:

  • $500,000 to a Louisiana oilfield service company providing test services
  • $700,000 to a California manufacturer of filters for emission control systems
  • $300,000 to a Louisiana oilfield service company repairing and rebuilding electric motors
  • $500,000 to a Maryland IT Staffing company
  • $250,000 to a Florida staffing company providing temporary nurses
  • $1,000,000 to a Florida medical staffing company

Crestmark Transportation Services, the transportation specialty subsidiary of Crestmark, located in Nashville, TN provided:

  • $250,000 to an Ohio trucking company