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Crestmark Closes Three Recent Transactions Totaling $1.6 Million

November 20, 2013, 07:14 AM

Crestmark closed a total of $1.6 million in financial solutions for three new clients in first two weeks of November. The deals include:

  • On November 1, a $750,000 ledgered line of credit facility was provided to a Georgia provider of media ink for the textile printing industry.
  • A $350,000 accounts receivable purchase facility was provided on November 7 to an Illinois transportation company. Funding will be used to provide working capital.
  • On November 15, a $500,000 traditional factoring facility was provided to a New York importer and distributor of accessories and embellishments.

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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