Crestmark Closes Four Transactions Totaling $4 Million
TROY, Michigan (July 30, 2012) -- Crestmark is pleased to announce the following four new clients from July 9 to July 31.
Crestmark funded an $800,000 ledgered line of credit for a North Carolina transportation company on July 9. The company hauls furniture from manufacturers to retailers throughout the northwest.
On July 19 Crestmark provided a $700,000 ledgered line of credit to a Texas-based general contractor company. Funding will be used to pay off their prior financing company and provide working capital for the organization.
Crestmark also provided a $500,000 Traditional Factoring arrangement for a New Jersey-based toy company on July 23.
On July 27, Crestmark provided a mobile phone company a $2,000,000 Accounts Receivable Purchase Facility. The Texas company will use the financing as additional working capital.
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 to myriad businesses including manufacturing, staffing, transportation, petrochemical / oil and gas well servicing companies, government contractors, retail supply chain, and more. Headquartered in Troy, Michigan, with regional offices in Florida, Louisiana and Tennessee; sales offices located in Alabama, California, Georgia, Illinois, Ohio, New Jersey, New York, Missouri, North Carolina, Tennessee and Texas. www.crestmark.com