Working Capital Solutions provided in April 2011

PRESS RELEASE

For Immediate Release May 6, 2011

 

Contact: Lisa Beattie
Phone: 248-267-1639

 

Crestmark provided $17,400,000 in working capital facilities to 11 new businesses in April 2011.
Crestmark’s Troy, MI office provided:
  • $2,000,000 working capital line of credit to a Michigan manufacturer of automotive parts
  • $250,000 to a Florida distributor of whitening equipment to salons and spas
  • $750,000 working capital line of credit to an Ohio flavored coffee provider to retail stores
Crestmark’s West Palm Beach, FL office provided:
  • Funds as collected arrangement to a North Carolina furniture importer
  • $5,000,000 asset based lending facility to a Florida provider of secured merchant advance
Crestmark’s Baton Rouge, LA office provided:
  • $1,500,000 accounts receivable purchase to an Oklahoma developer and marketer of natural food products
Crestmark’s Nashville, TN office provided:
  • $600,000 accounts receivable purchase facility to a New Jersey trucking company
  • $1,500,000 accounts receivable purchase facility to an Iowa trucking company
  • $800,000 working capital line of credit to a Colorado trucking company
  • $5,000,000 working capital line of credit to a Washington logistics provider
Crestmark’s Hoboken, NJ office provided:
  • Funds as collected arrangement to a New York fashion designer
Crestmark is a nationally recognized provider of working capital solutions for small- to medium-sized businesses. Financing solutions include asset-based lending, accounts receivable financing and factoring. Headquartered in Troy, Michigan, with regional offices in Florida, Louisiana and Tennessee; sales offices located in Alabama, California, Florida, Illinois, New Jersey, New York, Ohio, Missouri, North Carolina and Texas. www.crestmark.com