TROY, Mich., (October 18, 2017) – Crestmark secured a total of $43,368,500 in financial solutions for 23 new clients in the first half of October. On Oct. 2, a $4,300,000 new lease transaction was completed with a golf course management company in the western U.S. The financing will be used for equipment. A $6,700,000 new… Read more »

TROY, Mich., (October 4, 2017) – Crestmark secured a total of $15,807,000 in financial solutions for 15 new clients in the second half of September. On Sept. 15, a $3,900,000 new lease transaction was completed with a waste water treatment company in the northwestern U.S. The financing will be used for capital equipment. A $250,000… Read more »

TROY, Mich., (October 3, 2017) —Beginning December 18, 2017, electronic logging devices (ELDs) are required for an estimated 3.4 million U.S. commercial truck drivers. A preferred partnership with Transflo and Crestmark will help transportation companies get equipped for the mandate deadline. ELD technology connects the vehicle’s engine with the driving log to ensure that hours… Read more »

TROY, Mich., (September 20, 2017) – Crestmark secured a total of $18,455,000 in financial solutions for 10 new clients in the first half of September. On Sept. 1, a $3,900,000 new lease transaction was completed with a property management firm in the western U.S. The financing will be used for capital equipment. A $355,000 SBA… Read more »

TROY, Mich., (September 13, 2017) – Crestmark secured a total of $23,008,000 in financial solutions for 24 new clients in the second half of August. A $5,000,000 SBA 7(a) term loan facility and a $1,000,000 Crestmark term loan facility were provided on Aug. 16 to a hospitality management company in Georgia. The financing will be… Read more »

TROY, Mich., (August 25, 2017) – Crestmark secured a total of $21,345,000 in financial solutions for 20 new clients in the first half of August. A $420,000 SBA 7(a) term loan facility was provided on Aug. 1 to a kitchen and bath remodeling franchise in Michigan. The financing will be used for working capital purposes…. Read more »

Nick Dounas Hired as Crestmark Vice President, Head of Canadian Originations TROY, Mich., (August 24, 2017) – Mick Goik, president and chief operating officer, announced the opening of a Crestmark Canadian location to provide Crestmark’s growing line of alternative lending to businesses throughout Canada. Previously, Crestmark offered purchase-factoring solutions, but will also offer asset-based lending… Read more »

TROY, Mich., (August 23, 2017) — With 64 percent growth over the last three years, Crestmark Bank was named among the fastest-growing private companies in the U.S., according to the 2017 Inc. 5000 list, published by Inc. magazine. For its fourth appearance on the annual list, Crestmark ranked 47 among the fastest-growing companies in Metro… Read more »

TROY, Mich., (Aug. 9, 2017) – Crestmark secured a total of $24,710,000 in financial solutions for 14 new clients in the second half of July. A $1,000,000 ledgered line of credit facility was provided on July 17 to a staffing company in California. The financing will be used to pay off an existing lender and… Read more »

Belcher will spearhead strategic data management efforts for expert Salesforce utilization TROY, Mich., (July 20, 2017) — Crestmark Executive Vice President and National Sales Director Ray Morandell announced the appointment of Michelle Belcher as CRM project manager, officer; a newly created position to enhance business practices and data management across the company. As a certified… Read more »