Crestmark’s December 2010 Fundings

PRESS RELEASE
For Immediate Release January 24, 2011

Contact: Lisa Beattie
Phone: 248-267-1639

Crestmark provided $21,250,000 in working capital facilities to 11 new businesses in December 2010.

Crestmark’s Troy, MI office provided:

  • $750,000 to an Ohio information technology provider
  • $3,700,000 to a Michigan provider of precision machining
  • $2,000,000 to an Illinois distributor of printing supplies
  • $3,500,000 to a Michigan staffing company providing technical design/engineering services

Crestmark’s West Palm Beach, FL office provided:

  • Funds as collected arrangement to a South Carolina outdoor furniture importer
  • $1,250,000 to a Florida souvenir t-shirt supplier
  • $4,000,000 to a New York staffing company providing temporary and permanent employees
  • $4,500,000 to a South Carolina wholesaler of supplies to the hospitality industry

Crestmark’s Nashville, TN office provided:

  • $300,000 to an Illinois trucking company
  • $500,000 to a Florida trucking company
  • $750,000 to an Indiana trucking company

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 and factoring. Headquartered in Troy, Michigan, with regional offices in Florida, Louisiana and Tennessee; sales offices located in Alabama, California, Florida, Illinois, New Jersey, New York, Ohio, Missouri, North Carolina and Texas. www.crestmark.com