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Recent Fundings for Crestmark Bank, Crestmark Capital and Crestmark Transportation Services

PRESS RELEASE
For Immediate Release September 10, 2009

Contact: Mia Beattie
Phone: 248-267-1654


Crestmark Bank, a national provider of working capital solutions to small- and mid-sized businesses, has provided the following financing solutions:

• $3,500,000 to a Michigan-based manufacturer of metal fabrications for the defense industry
• $1,000,000 to a third party logistics service provider headquartered in Ohio that services a variety of industries
• $3,500,000 to a lumber wholesaler and sawmill based in Arizona
• $2,500,000 to a Michigan-based flashlight distributor selling to a large retailer


Crestmark Bank, through the West Palm Beach, FL office, has provided the following factoring facilities:

• $1,000,000 to a designer and manufacturer of better costume jewelry located in New York
• $1,000,000 to a Florida-based handbag design company which sells to luxury retailers nationwide

Crestmark Capital, a wholly owned subsidiary of Crestmark Bank and located in Baton Rouge, LA has provided the following financing solutions:

• $1,500,000 to a company located in Massachusetts who provides temporary staffing for health and medical professionals
• $400,000 to a Utah-based distributor of specialty sports injury tape who sells to retailers and various drug stores


Crestmark Transportation Services, the transportation specialty subsidiary of Crestmark Bank, and located in Nashville, TN has provided working capital solutions to the following transportation related companies:

• $500,000 to a Illinois-based start-up trucking company hauling primarily refrigerated goods across the continental 48 states


 

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