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Crestmark Closes Five Transactions Totaling $5.25MM in July

August 02, 2013, 07:11 AM

Crestmark secured a total of $5.25 million in financial solutions for five new clients during the month of July. They include:

  • On July 1, a $750,000 ledgered line of credit facility was provided to New Jersey transportation company.
  • A $1 million traditional factoring facility was provided on July 8 to an Ohio apparel wholesaler.
  • On July 25, a $250,000 traditional factoring facility was provided to a Texas apparel importer.
  • A $250,000 traditional factoring facility was provided on July 31 to a California furniture importer and distributor.
  • Also on July 31, a $3 million asset-based lending facility with advances on accounts receivable and inventory was provided to an Ohio sign manufacturer.

Crestmark is a nationally known and respected FDIC-insured bank that provides innovative financial solutions for small- to medium-sized businesses.


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