Working Capital Solutions Provided in July 2011

PRESS RELEASE
For Immediate Release August 3, 2011

Contact: Lisa Beattie
Phone: 248-267-1639

Crestmark provided $14,950,000 in working capital facilities to14 new businesses in July 2011.

Crestmark’s Troy, MI office provided:

  • $200,000 accounts receivable purchase facility to an Indiana trucking company
  • $500,000 accounts receivable purchase facility to a Michigan property services company
  • $1,000,000 asset based lending facility to a Kentucky commercial printer
  • $5,000,000 working capital line of credit to a Michigan robotics company
  • $750,000 accounts receivable purchase facility to a Michigan transportation services company

Crestmark’s West Palm Beach, FL office provided:

  • $1,500,000 working capital line of credit to a Florida appraisal and home inspection provider
  • $1,250,000 working capital line of credit to a Maine staffing provider to the energy industry
  • $1,000,000 working capital line of credit to a California security staffing provider
  • $1,000,000 working capital line of credit to a Kentucky and Texas temporary staffing firm
  • Funds as collected arrangement to a Georgia textile importer
  • $1,250,000 working capital line of credit to a South Carolina aggregate hauler

Crestmark’s Baton Rouge, LA office provided:

  • $500,000 working capital line of credit to an Arizona provider of testing and evaluation services

Crestmark’s Nashville, TN office provided:

  • $750,000 accounts receivable purchase facility to an Illinois trucking company
  • $250,000 accounts receivable purchase facility to a New Jersey freight broker

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, Georgia, Illinois, New Jersey, New York, Missouri, North Carolina and Texas. www.crestmark.com