Funding Announcement 4-14-10

PRESS RELEASE
For Immediate Release April 14, 2010

Contact: Lisa Beattie
Phone: 248-267-1639

Crestmark’s four offices had a record first quarter, delivering over $40,000,000 for 46 new client relationships.

And for the month of March, Crestmark provided the following working capital financing arrangements.

Crestmark’s Troy, MI office provided:

  • $350,000 to a Michigan automotive supplier, providing repair of rack systems
  • $500,000 to a Michigan IT staffing company
  • $1,500,000 to a Michigan zinc and aluminum die cast company
  • $4,500,000 to a California distributor of cases and bags for electronic devices
  • $500,000 to a Michigan distributor of resins to the automotive industry
  • $800,000 to a Michigan design/manufacturer of racks and dunnage

Crestmark’s West Palm Beach, FL office provided:

  • $200,000 to a Florida fire inspection equipment service provider
  • $1,500,000 to a California medical staffing company
  • $500,000 to a Tennessee staffing company providing blue collar workers for farming and other industries
  • $500,000 to a Ohio staffing company providing blue collar workers to tire retailers, stadiums and more
  • $3,0000,000 to a Florida corrugated box manufacturer
  • Non-recourse factoring arrangement with estimated $2,000,000 in sales volume to a South Carolina heirloom children’s apparel manufacturer

Crestmark’s Baton Rouge, LA office provided:

  • $300,000 to an Oklahoma company providing equipment operators, drivers and safety trainers for the oilfield service industry
  • $500,000 to a Wyoming staffing company providing welder to the power generation and petro-chemical industries
  • $750,000 to a Texas IT staffing company

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

  • $750,000 to an Illinois trucking company hauling general freight and produce
  • $900,000 to a South Carolina transportation company