Crestmark’s December 2011 Working Capital Solutions

PRESS RELEASE
For Immediate Release January 3, 2012

Contact: Lisa Beattie
Phone: 248-267-1639

Crestmark provided $13,175,000 in working capital facilities to 24 businesses in December 2011.

Crestmark’s Troy, MI office provided:

  • $300,000 ledgered line of credit to a Michigan transitional housing provider
  • $250,000 accounts receivable purchase facility to an Ohio heating and cooling service provider
  • $500,000 ledgered line of credit to a Pennsylvania clerical and light industrial staffing company
  • $750,000 ledgered line of credit to an Indiana service provider to the wireless and wind energy industry
  • $750,000 accounts receivable purchase facility to a Michigan supplier of promotional products
  • $2,500,000 accounts receivable purchase facility to a Michigan logistics processing company

Crestmark’s West Palm Beach, FL office provided:

  • $350,000 ledgered line of credit to a North Carolina packaging company
  • Funds as collected arrangement to a Florida manufacturer of women’s costume jewelry
  • Funds as collected agreement to a Florida importer of men’s apparel
  • Funds as collected agreement to a North Carolina importer of occasional furniture
  • $2,000,000 ledgered line of credit to a Maryland IT staffing company
  • $750,000 ledgered line of credit to a Maryland data communication service
  • $600,000 ledgered line of credit to a Michigan manufacturer and distributor of nutritional products
  • $500,000 ledgered line of credit to a New York staffing company

Crestmark’s New York, NY office provided:

  • Funds as collected agreement to a New Jersey designer and seller of moderate-priced furniture

Crestmark’s Baton Rouge, LA office provided:

  • $750,000 ledgered line of credit to a Texas supplier of wholesale rigging
  • $1,000,000 ledgered line of credit to a Texas manufacturer of well control component parts

Crestmark’s Nashville, TN office provided:

  • $125,000 accounts receivable purchase facility to a Georgia hauler of refrigerated and dry goods
  • $300,000 accounts receivable purchase facility to a California long haul trucking company
  • $750,000 accounts receivable purchase facility to a Mississippi trucking company
  • $100,000 accounts receivable purchase facility to a Kentucky start-up trucking company
  • $400,000 accounts receivable purchase facility to a North Carolina general freight hauler
  • $400,000 accounts receivable purchase facility to a North Carolina coast to coast freight hauler
  • $100,000 accounts receivable purchase facility to a Kentucky general freight hauler

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, Georgia, Illinois, New Jersey, New York, Missouri, North Carolina and Texas. www.crestmark.com