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Crestmark Closes More Than $3MM in the First Half of September

September 18, 2013, 07:00 AM
Filed Under: Industry News
Related: Crestmark

Crestmark secured a total of $3,250,000 in financial solutions for three new clients in the first two weeks of September.

  • On September 4, a $250,000 accounts receivable purchase facility was provided to a California transportation company. Funding will be used to provide working capital.
  • A $2,500,000 traditional factoring facility was provided on September 10 to a Pennsylvania importer and wholesaler of watches.
  • On September 11, a $500,000 ledgered line of credit facility was provided to an Alabama information technology company. Funding will be used to pay off a prior lender and provide working capital.

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

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