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

PRESS RELEASE
For Immediate Release January 19, 2010

Contact: Lisa Beattie
Phone: 248-267-1639


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

• $1,000,000 to a company located in Michigan who provides engineering services
• $500,000 to a Michigan-based manufacturer of indoor and outdoor cedar and pine log furniture
• $500,000 to a manufacturer and distributor of flat screen TV mounts who are located in California
• $2,000,000 to a Ohio-based staffing company
• $2,000,000 to a manufacturer located in Michigan of general metalworking machinery
• $200,000 to a Michigan plastic injection molding company


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

• $500,000 to a Ohio-based staffing company
• $400,000 to a radio advertising company located in Tennessee
• A funds-as-collected factoring facility to a Utah furniture manufacturer


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

• $ 2,000,000 to a Texas-based oil and gas well service company
• $500,000 to a specialty welding company based in Texas
• $900,000 to a Oklahoma-based oil and gas well service company


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:

• $200,000 to a small trucking company located in Tennessee
• $2,000,000 to a Michigan-based company how hauls freight for the automotive and building materials industries
• $100,000 to a start-up trucking company located in Kentucky

 

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