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Crestmark Closes Three Transactions in First Half of June

June 20, 2014, 06:52 AM

Crestmark announced it closed three recent deals totaling nearly $3.75 million in the first half of June. The deals are:

  • On June 3, a $1.5 million traditional factoring facility was provided to a California manufacturer and distributor of women’s footwear.
  • A $1.5 million accounts receivable purchase facility was provided on June 9 to a staffing company located in Georgia.
  • On June 10, a $750,000 traditional factoring facility was provided to Florida distributor of consumer products.

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 machinery/equipment financing.

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