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Crestmark Closes Three Recent Transactions

October 22, 2013, 07:26 AM

Crestmark secured a total of $3.9 million in financial solutions for three new clients in first two weeks of October.

  • On October 8, a $400,000 ledgered line of credit facility was provided to a North Carolina staffing company.
  •  A $1.5 million accounts receivable purchase facility was provided on October 9 to a Florida specialty foods manufacturer.
  •  On October 11, a $2 million asset-based lending facility with advances on inventory was provided to a Texas distributor of electrical equipment. Funding will be used to provide working capital and pay back shareholder investments.

 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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