Crestmark Closes Four Transactions Totaling $4 Million

TROY, Michigan (July 30, 2012) — Crestmark is pleased to announce the following four new clients from July 9 to July 31. Crestmark funded an $800,000 ledgered line of credit for a North Carolina transportation company on July 9. The company hauls furniture from manufacturers to retailers throughout the northwest. On July 19 Crestmark provided… Read more »

Crestmark Wins Three Awards of Distinction

(TROY, Michigan, July 25, 2012) – Applause for Crestmark’s creative excellence! Three of the company’s print ads were each honored with an Award of Distinction during the recent 18th Annual Communicator Awards. Recognized were ads designed to promote Crestmark’s working capital solutions for the staffing and transportation industries. The ads were created by Lisa Beattie,… Read more »

Crestmark Promotes 27 Employees

(TROY, MICHIGAN, July 24, 2012)  To continue to strengthen their support of businesses in need of working capital financing, Crestmark has promoted 27 employees over the past several months. “Crestmark is proud of our growth and how it has allowed us to extend our reach to help businesses nationwide. These promotions reward the people who… Read more »

Crestmark Closes Three Transactions Totaling $650,000 in the first two weeks of July 2012

TROY, Michigan (July 19, 2012) — Crestmark is pleased to announce the following three new clients from July 1 to July 16. On July 11 Crestmark provided a Michigan-based software development organization $200,000 Accounts Receivable Purchase Facility. Funding will be used toward Internet technology and Web application growth. Crestmark also funded the brokerage division of… Read more »

W. David Tull Named to American Factoring Association Board

The American Factoring Association (AFA) announced on Monday, July 11 that Crestmark Bank President and CEO W. David Tull has been appointed to their Board of Directors for a two year term. Tull will join new members Leigh Lones, CFO of United Capital Funding Corporation and Jeff Rose, CFO, of National Bankers Trust Corporation and… Read more »

Working Capital Solutions Provided in June 2012

PRESS RELEASE For Immediate Release July 2, 2012   Contact: Lisa Beattie Phone: 248-267-1639   Crestmark provided $25,225,000 in working capital facilities to 23 businesses in June 2012.  Crestmark’s Michigan office provided: $500,000 ledgered line of credit to an Illinois hospitality services company $250,000 ledgered line of credit to a Nevada provider of fabricated stone work $250,000 accounts… Read more »

Crestmark Recognized with Financial Literacy Award; Volunteers with 2012 Teach Children to Save Program

Crestmark was awarded the Michigan Bankers Association 2012 Financial Literacy Award – Southeast Michigan, for their involvement in the 2011 Teach Children to Save program. The award was presented and accepted on May 22, 2012 by Crestmark Vice President Sharmen McVay who spearheads the initiative. In the 2012 Teach Children to Save program, eleven Crestmark… Read more »

Crestmark Purchases Working Capital Loans of First Citizens Bank, Announces Strategic Partnership

June 13, 2012 TROY, MI – Crestmark announced today the purchase of the working capital portfolio of North Carolina-headquartered First Citizens Bank and the institution of a strategic partnership that will strengthen the support and diversity of lending products offered to First Citizens clients. Through this partnership, Crestmark Bank will provide asset-based lending, recourse and non-recourse… Read more »

Working Capital Solutions Provided in May 2012

PRESS RELEASE For Immediate Release June 1, 2012 Contact: Lisa Beattie Phone: 248-267-1639 Crestmark provided $18,550,000 in working capital facilities to 17 businesses in May 2012. Crestmark’s Troy, MI office provided: $500,000 accounts receivable purchase facility to a California textile distributor $500,000 ledgered line of credit to a Michigan company specializing in wiring assembly $500,000 ledgered line… Read more »

Crestmark’s April 2012 Working Capital Solutions

PRESS RELEASE For Immediate Release May 1, 2012   Contact: Lisa Beattie Phone: 248-267-1639   Crestmark provided $17,300,000 in working capital facilities to 19 businesses in April 2012.   Crestmark’s Troy, MI office provided: $625,000 asset based lending facility to a West Virginia manufacturing and training company $750,000 ledgered line of credit to a Minnesota technology services… Read more »