Working Capital Solutions provided in January and February 2011

PRESS RELEASE
For Immediate Release March 3, 2011

 

Contact: Lisa Beattie
Phone: 248-267-1639

 

Crestmark provided $33,400,000 in working capital facilities to 22 new businesses in January and February 2011.

 

Crestmark’s Troy, MI office provided:
  • $3,000,000 to a Michigan distributor of semi-tractors
  • $3,000,000 to a Michigan provider quality inspection services
  • $1,000,000 to a California integrated media management services company
  • $1,200,000 to a Michigan distributor of specialty building material products
  • $250,000 to a Michigan staffing company serving the automotive industry
  • $250,000 to a Michigan training provider
  • $3,000,000 to a New York distributor of skincare products
Crestmark’s West Palm Beach, FL office provided:
  • Funds as collected arrangement to a California importer of high-end denim
  • Funds as collected arrangement to a Florida wholesaler of men’s and women’s watches
  • $1,250,000 to a Florida provider of commercial print services
  • $4,000,000 to a Florida wholesaler/distributor of towels, sheets and apparel
  • Funds as collected arrangement to a California and North Carolina furniture importer
  • Funds as collected arrangement to a Mississippi furniture manufacturer
  • $1,250,000 to a California staffing company providing staffing for banks
Crestmark’s Baton Rouge, LA office provided:
  • $5,000,000 to a Louisiana provider of diversified services for the energy industry
  • $2,000,000 to a Louisiana engineering consulting firm
  • $900,000 to a Louisiana oilfield service company
Crestmark’s Nashville, TN office provided:
  • $150,000 to a South Carolina trucking company
  • $2,000,000 to a Texas trucking company
  • $1,000,000 to South Carolina trucking company
  • $150,000 to a New York trucking company
  • $3,000,000 to a Missouri trucking company
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