Working Capital Solutions Provided in February 2012
PRESS RELEASE
For Immediate Release March 2, 2012
Contact: Lisa Beattie
Phone: 248-267-1639
Crestmark provided $12,880,000 in working capital facilities to 22 businesses in February 2012.
Crestmark’s Troy, MI office provided:
· $600,000 ledgered line of credit to a Michigan producer of iron and steel casings
- $750,000 ledgered line of credit equipment financing to a Michigan manufacturer of automotive and aerospace parts
- $3,000,000 ledgered line of credit to a California shipping broker for a large manufacturer
- $800,000 ledgered line of credit to a California manufacturer of sheet metal components
- $400,000 ledgered line of credit to a Michigan provider of fabrications and machining
- $500,000 ledgered line of credit to a Michigan start-up staffing company
Crestmark’s West Palm Beach, FL office provided:
- $3,000,000 ledgered line of credit to a North Carolina manufacturer and distributor of medical supply products
- $1,000,000 ledgered line of credit to Pennsylvania and Virginia manufacturers of custom wood products
- $300,000 ledgered line of credit to a Massachusetts distributor of medical supplies
- Funds as collected agreement to a North Carolina manufacturer of wood furniture
Crestmark’s New York, NY office provided:
- Funds as collected agreement to a Canadian distributor of computer supplies
- Funds as collected agreement to a New York designer of private label and branded apparel
- Funds as collected agreement to a New York designer of branded apparel and fashion accessories
- Funds as collected agreement to a New York designer of low-priced apparel
- Funds as collected agreement to a New York designer and importer of footwear
Crestmark’s Baton Rouge, LA office provided:
- $500,000 accounts receivable purchase facility to a North Carolina provider of technical support
Crestmark’s Franklin, TN office provided:
- $130,000 accounts receivable purchase facility to a Mississippi hauler of furniture and housegoods
- $100,000 accounts receivable purchase facility to a Wyoming contract hauling company
- $400,000 accounts receivable purchase facility to an Illinois hauler of perishable goods
- $900,000 accounts receivable purchase facility to an Indiana trucking company
- $300,000 accounts receivable purchase facility to an Indiana trucking company
- $200,000 accounts receivable purchase facility to a Tennessee trucking company
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; full service office in New York city; sales offices located in Alabama, California, Florida, Georgia, Illinois, New Jersey, Missouri, North Carolina and Texas. www.crestmark.com
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