Recent Fundings for Crestmark Bank, Crestmark Capital and Crestmark TPGL

For Immediate Release February 18, 2009

Contact: Mia Beattie
Phone: 248-267-1654

Crestmark Bank, a national provider of working capital solutions to small- and mid-sized businesses, has provided the following financing solutions:

  • $800,000 to a Michigan company who produces stainless steel and alloy-based castings
  • $2,000,000 to a commercial printer based in California
  • $250,000 to a Massachusetts based manufacturer and wholesale distributor of bulk soap products
  • $800,000 to a high-end furniture manufacturer located in Michigan

Crestmark Capital, a wholly owned subsidiary of Crestmark Bank and located in Baton Rouge, LA is pleased to announce these recent fundings:

  • $750,000 to a Texas reseller of gas fireplaces and accessories to pay off an existing loan and for additional working capital

Crestmark TPG, the transportation specialty subsidiary of Crestmark Bank, and located in Nashville, TN has provided working capital solutions to the following transportation related companies:

  • $2,000,000 to a company in California who handles warehousing and local line haul deliveries, and a subsidiary who is a truck load carrier
  • $500,000 to a trucking company hauling medical equipment, caskets, mail and other general freight who is located in Florida
  • $2,000,000 to an Ohio trucking company who operates 135 trucks and dump trailers hauling bulk commodities such as sand, coal, lime, scrap, and cement
  • $750,000 to a Florida trucking company who hauls materials to and from commercial work sites