Working Capital Solutions Provided in September 2011

PRESS RELEASE
For Immediate Release September 30, 2011

Contact: Lisa Beattie
Phone: 248-267-1639

Crestmark provided $8,992,840 in working capital facilities to 14 businesses in September 2011.

Crestmark’s Troy, MI office provided:

  • $2,500,000 asset based lending facility to a Michigan manufacturer of welding equipment
  • $750,000 working capital line of credit to an Ohio producer of specialized vehicle rims
  • $500,000 working capital line of credit to a Missouri distributor of rubber and adhesive products
  • $43,000 to a Michigan developer of laser technology
  • $750,000 accounts receivable purchase facility to an Illinois wholesaler of frozen foods
  • $250,000 accounts receivable purchase facility to an Ohio food service provider

Crestmark’s West Palm Beach, FL office provided:

  • Funds as collected arrangement to a New York jobber of fabric to the apparel industry
  • $600,000 working capital line of credit to a Florida industrial drilling company

Crestmark’s Baton Rouge, LA office provided:

  • $750,000 accounts receivable purchase facility to a Louisiana manufacturer of oil and gas drilling equipment
  • $200,000 factoring facility to a Colorado reseller of imported timber

Crestmark’s Nashville, TN office provided:

  • $500,000 accounts receivable purchase facility to an Illinois general freight hauler
  • $1,750,000 accounts receivable purchase facility to an Illinois general freight hauler

Crestmark’s Hoboken, NJ office provided:

  • Funds as collected agreement to a New York designer of loungewear
  • $4000,000 working capital line of credit to a Florida manufacturer of netting

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