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Crestmark Closes Recent Transactions Totaling $1 Million in Late August

September 08, 2014, 07:13 AM

Crestmark secured a total of $1.05 million  in financial solutions for three new clients in the last half of August. The transactions include:

  • On August 15, a $500,000 traditional factoring facility was provided to a footwear importer in California.
  • A $300,000 traditional factoring facility was provided on August 27 to a New York designer and manufacturer of high-end women’s shoes to be used for working capital purposes.
  • On August 29, a $250,000 line of credit was provided to a charter school in Michigan.

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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