Working Capital Solutions Provided in October 2011

PRESS RELEASE
For Immediate Release November 1, 2011

Contact: Lisa Beattie
Phone: 248-267-1639

Crestmark provided $15,500,000 in working capital facilities to 13 businesses in October 2011.
Crestmark’s Troy, MI office provided:

  • $950,000 working capital line of credit to a Michigan technology manufacturer
  • $250,000 accounts receivable purchase facility to a Michigan IT consulting firm
  • $500,000 working capital line of credit to a Michigan steel hauler
  • $750,000 working capital line of credit to a Michigan provider of promotional products
  • $500,000 working capital line of credit to a Missouri provider of IT services
  • $750,000 accounts receivable purchase facility to an Ohio IT staffing company

Crestmark’s West Palm Beach, FL office provided:

  • $2,000,000 working capital line of credit to a California staffing company providing municipal employees
  • Funds as collected agreement to a Florida wholesaler of women’s denim apparel

Crestmark’s Baton Rouge, LA office provided:

  • $5,000,000 working capital line of credit to a Maryland IT consulting firm
  • $3,000,000 working capital line of credit to a Texas printing company
  • $800,000 working capital line of credit to a Pennsylvania medical consulting company
  • $1,000,000 working capital line of credit to a Texas manufacturer of oil and gas production equipment

Crestmark’s Hoboken, NJ office provided:

  • Funds as collected agreement to a California designer and developer of wholesale apparel

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