Recent Fundings for Crestmark Troy MI, West Palm Beach FL, Baton Rouge LA, and Crestmark Transportation Services

For Immediate Release February 16, 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 financing solutions:

  • $2,000,000 to a California distributor of guacamole dips and salsas to retail and club stores
  • $2,750,000 to an Ohio-based firm who designs, manufactures and stamps tool parts for the automotive/heavy truck industries
  • $500,000 to a Michigan distributor of energy-efficient lights and lighting fixtures for use in commercial locations
  • $200,000 to a Michigan construction company that rehabilitates houses as part of neighborhood revitalizations
  • $750,000 to a Michigan staffing company providing armed and unarmed security guards

Crestmark’s West Palm Beach, FL office has provided the following factoring facilities:

  • $500,000 to a Florida-based importer of family apparel including t-shirts, shorts, etc., to retail, resort, chain and department stores across the country
  • 250,000 to a Florida importer of children’s’ and adult apparel for sale to the retail trade across the country
  • $350,000 to a start-up IT staffing company out of New Jersey

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

  • $ 100,000 to a company who buys, sells, and refurbishes used oilfield equipment out of Louisiana

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

  • $3,000,000 to a transportation carrier located in Iowa