Crestmark’s June 2010 Fundings

For Immediate Release July 12, 2010
Contact: Lisa Beattie
Phone: 248.267.1639

Crestmark provided $18,200,000 in working capital facilities to 19 new businesses in June 2010.

Crestmark’s Troy, MI office provided:

  • $500,000 to a Michigan equipment leasing company
  • $2,000,000 to a Michigan distributor of parts to the automotive industry
  • $3,000,000 to a Michigan producer of metal stamping and coatings to the automotive industry
  • $1,500,000 to a Michigan designer/builder of tools and fixtures for automotive final assembly

Crestmark’s West Palm Beach, FL office provided:

  • $ 500,000 to a Florida software developer
  • $3,000,000 to a New Jersey temporary staffing company
  • Funds as collected factoring arrangement to a North Carolina furniture importer

Crestmark’s Baton Rouge, LA office provided:

  • $500,000 to a Louisiana oilfield service company
  • $500,000 to a California temporary staffing company providing temporary labor
  • $150,000 to a Virginia engineering & fabrication services for the military
  • $300,000 to a California electrical services company
  • $700,000 to a Florida corporate furniture dealership

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

  • $300,000 to an Illinois transportation brokerage
  • $500,000 to two North Carolina trucking companies
  • $750,000 to a Illinois truckload carrier
  • $500,000 to an Arkansas start-up truckload carrier
  • $1,500,000 to an Oklahoma new trucking company
  • $2,000,000 to an Indiana truckload carrier