Funding Announcement 3-10-10

PRESS RELEASE
For Immediate Release March 10, 2010

Contact: Lisa Beattie
Phone: 248-267-1639

Crestmark, a national provider of working capital solutions to small- and mid-sized businesses, through the Troy, MI office, has provided the following working capital solutions:

  • $1,700,000 to an Ohio company providing electro painting and assembly to the automotive industry
  • $750,000 to an Michigan company who provides staffing for the IT industry
  • $750,000 to a Michigan bakery/grocery
  • $750,000 to an Indiana importer/distributor of licensed t-shirts and hats selling to big box retailers

Crestmark’s West Palm Beach, FL office has provided the following financing solutions:

  • $2,000,000 to a New York hair care product manufacturer
  • $300,000 to a South Carolina domestic apparel manufacturer selling to wholesale companies
  • $500,000 to a Florida commercial coffee roaster selling nationwide to distributors and retailers
  • $2,000,000 to a Florida importer of home furnishing products selling to major retailers
  • $1,750,000 to a California manufacturer/distributor of potpourri, candles and home fragrance products
  • $1,500,000 to a California medical staffing company

Crestmark’s Baton Rouge, LA office has provided the following financing solutions:

  • $1,800,000 to a Texas manufacturer/distributor of specialty medical equipment
  • $500,000 to a Texas distributor/reseller of wire garment hangers to the dry cleaning industry
  • $500,000 to a Colorado sand mining/fine sand manufacturer

Crestmark Transportation Services, the transportation specialty subsidiary of Crestmark located in Nashville, TN has provided working capital solutions to the following company:

  • $750,000 to an Illinois trucking company hauling general freight and produce