FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


Crossroads Financial Closes $1 Million Purchase Order Financing Facility

December 05, 2012, 08:12 AM

Crossroads Financial is pleased to announce that it has provided a $1 million purchase order financing facility for the benefit of a nutritional products manufacturer and distributor.  The PO financing facility is being utilized to acquire raw materials necessary for producing products at their Canadian facility.

Crossroads entered into an Intercreditor relationship with Crestmark Bank, who is providing an accounts receivable facility that offers additional working capital to the client.  The combined resources that these facilities provide allow the client to capitalize on sales without being limited by a lack of capital.

Crossroads Financial is a stand-alone Inventory lender offering revolving lines of credit against existing inventory, as well as purchase order financing. Crossroads does not finance receivables; rather the company provides a complementary product suited to any asset-based lending or factoring relationship.

Crestmark Bank is a national FDIC-insured bank that provides innovative financial solutions for small-to-medium sized businesses. Solutions include asset-based lending, accounts receivable financing, lines of credit and factoring.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.