Working Capital Solutions Provided in May 2012

PRESS RELEASE
For Immediate Release June 1, 2012

Contact: Lisa Beattie
Phone: 248-267-1639

Crestmark provided $18,550,000 in working capital facilities to 17 businesses in May 2012.

Crestmark’s Troy, MI office provided:
  • $500,000 accounts receivable purchase facility to a California textile distributor
  • $500,000 ledgered line of credit to a Michigan company specializing in wiring assembly
  • $500,000 ledgered line of credit to a Tennessee printer
  • $5,000,000 asset based lending facility to an Ohio trucking company
  • $250,000 accounts receivable purchase facility to a Michigan landscaping service provider
  • $3,000,000 ledgered line of credit to a Michigan jewelry manufacturer
Crestmark’s Boynton Beach, FL office provided:
  • $750,000 ledgered line of credit to a California full service staffing company
Crestmark’s New York, NY office provided:
  • Funds as collected agreement to a New York manufacturer of men’s apparel
  • Funds as collected agreement to a New York apparel reseller
  • Funds as collected agreement to a New York distributor of office and school supplies
Crestmark’s Baton Rouge, LA office provided:
  • $250,000 accounts receivable purchase facility to an Alabama IT staffing company
  • $2,000,000 ledgered line of credit to a Texas manufacturer of specialty food products
Crestmark’s Franklin, TN office provided:
  • $150,000 accounts receivable purchase facility to a Delaware general freight hauler
  • $5,000,000 asset based lending facility to an Iowa refrigerated food carrier
  • $250,000 accounts receivable purchase facility to a Kentucky start-up transportation company
  • $300,000 accounts receivable purchase facility to a California grocery freight hauler
  • $100,000 accounts receivable purchase facility to a Florida start-up general freight hauler
Crestmark is a nationally recognized provider of innovative financial solutions for small- to medium-sized businesses.  Financing solutions include asset-based lending, accounts receivable financing, lines of credit and factoring.  Crestmark finances most business-to-business companies, and has extensive experience in many industries including transportation, manufacturing, staffing, government contractors, apparel and furniture manufacturing. Headquartered in Michigan, with offices in Florida, Louisiana, Tennessee, New York, Alabama, California, Georgia, Illinois, Ohio, Missouri, North Carolina, and Texas.  www.crestmark.com