Crestmark Extends its Agreement in Support of Client’s Growth
Crestmark is pleased to announce that they have increased the line of credit and extended the agreement to 2014 to CLR Roasters, LLC, a wholly owned subsidiary of Javalution Coffee Company, a coffee roaster and distributor traded under the symbol JCOF.
James Rothman, Crestmark East Region Group President, “Javalution is a perfect example of the type of high-growth company we specialize in helping and we certainly have the capital resources in place to help them meet their aggressive growth plans. Crestmark has a robust history of successfully financing the working capital needs of expanding businesses, including those in early stage growth.”
“We knew when we first met Javalution that they were a company that we could stand behind,” stated Bob Harbers, First Vice President, Business Development. “We’re glad that we could help them with the support they needed.”
Dave Briskie, CEO for Javalution, stated, “It takes great partnerships to support a fast-growing company. We are proud and pleased with our relationship with Crestmark Bank, and appreciate the confidence they have shown in Javalution Coffee Company. The combination of the credit facilities provided by our green coffee suppliers coupled with our relationship with Crestmark has us in perfect position to accelerate our growth.”
About Javalution Coffee Company
Javalution Coffee Company is a fully vertical coffee roasting and distribution company, owner of the Direct Marketing Brand JavaFit, and the retail brand, Café La Rica, as well as the category creator of functional gourmet coffee. For more information please visit the company’s website at www.javalution.com
Crestmark Bank 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 and financing office in New Jersey, and sales offices located in Alabama, California, Florida, Illinois, New York, Ohio, Missouri, North Carolina and Texas. www.crestmark.com