Working Capital Solutions provided in March 2011

PRESS RELEASE
For Immediate Release April 5, 2011

 

Contact: Lisa Beattie
Phone: 248-267-1639

 

Crestmark provided $23,835,000 in working capital facilities to 26 new businesses in March 2011.

 

Mid-west Region: Crestmark’s Troy, MI regional office provided:
  • $250,000 to a Michigan scrap metal provider
  • $5,000,000 to a Michigan producer of automobile materials
  • $2,000,000 to a California integrated media management services company
  • $2,000,000 to a Michigan wholesale metal distributor
  • $150,000 to a Michigan provider of paratransit services
  • $500,000 to a Michigan engineering staffing company
  • $500,000 to a Michigan manufacturer of aircraft tooling
  • $500,000 to a Virginia IT services provider
  • $1,000,000 to a Michigan manufacturer of rivets
  • $500.000 to an Illinois ink manufacturer and distributor
  • $250,000 to a Michigan distributor of wire harnesses
  • $500,000 to a Michigan staffing company providing automotive engineers
  • $1,250,000 to a California rehabilitation services provider
  • $185,000 to a Michigan local transportation provider
  • $2,000,000 to a California producer of personal care products
South Region: Crestmark’s Baton Rouge, LA regional office provided:
  • $750,000 to a Texas oil well service provider
  • $1,000,000 to a Virginia engineering services company
  • $2,500,000 to a Texas oil and gas field service company
  • $750,000 to a Texas water delivery company
East Region: Crestmark’s West Palm Beach, FL regional office provided:
  • Funds as collected arrangement to a Florida importer of beach and resort wear
  • $500,000 to a California staffing company providing light industrial and clerical positions
  • $250,000 to a Virginia distributor of industrial tools and supplies
  • $1,500.000 to a Florida distributor of biodegradable bags and films
East Region: Crestmark’s Hoboken, NJ office provided:
  • Funds as collected arrangement to a Washington designer of women’s apparel
  • Funds as collected arrangement to a North Carolina manufacturer of casual furniture
  • Funds as collected arrangement to a North Carolina manufacturer of designer furniture
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