Working Capital Solutions Provided in November 2011

PRESS RELEASE
For Immediate Release December 1, 2011

Contact: Lisa Beattie
Phone: 248-267-1639

Crestmark provided $25,515,000 in working capital facilities to 23 businesses in November 2011.

Crestmark’s Troy, MI office provided:

  • $2,200,000 asset based lending facility to an Ohio producer of aluminum extrusions
  • $5,000,000 asset based lending facility to a New Mexico provider of well equipment and services
  • $900,000 ledgered line of credit to a Missouri manufacturer/distributor of bakery goods and candy
  • $900,000 accounts receivable purchase facility to a Canadian manufacturer of nutritional supplements
  • $3,500,000 asset based lending facility to an Ohio distributor of building materials

Crestmark’s West Palm Beach, FL office provided:

  • Funds as collected agreement to a Louisiana construction and industrial staffing company
  • Funds as collected agreement to a Florida designer and importer of outdoor sports equipment
  • Funds as collected agreement a North Carolina furniture distributor
  • $2,750,000 line of credit to a Pennsylvania healthcare staffing company

Crestmark’s Baton Rouge, LA office provided:

  • $1,000,000 ledgered line of credit to a Louisiana metal fabricator
  • $2,100,000 ledgered line of credit to a Texas manufacturer of integrated engineered power systems
  • $5,000,000 ledgered line of credit to a Colorado provider of containment systems to drill sites
  • $1,000,000 ledgered line of credit to a New Mexico provider of professional security services

Crestmark’s Nashville, TN office provided:

  • $60,000 accounts receivable purchase facility to an Illinois general freight hauler.
  • $30,000 accounts receivable purchase facility to an Alabama over the road trucking business.
  • $125,000 accounts receivable purchase facility to a Canadian hauler of refrigerated goods
  • $300,000 accounts receivable purchase facility to a Texas general freight hauler
  • $200,000 accounts receivable purchase facility to an Illinois hauler of dry and refrigerated goods
  • $50,000 accounts receivable purchase facility to a Kentucky general freight hauler
  • $80,000 accounts receivable purchase facility to a Pennsylvania general freight hauler
  • $250,000 accounts receivable purchase facility to a Florida FAK hauler
  • $30,000 accounts receivable purchase facility to a Texas hauler of flatbed loads
  • $40,000 accounts receivable purchase facility to a Colorado hauler of building materials

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