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Crestmark Closes Seven Transactions Totaling more than $6.5 Million the First Two Weeks of December

TROY, Michigan (December 19, 2012) – During the first two weeks of December a total of $6,550,000 in financial solutions was secured for seven new Crestmark clients.

•A $500,000 Accounts Receivable Purchase facility was funded December 3 for a California trucking company. The company transports produce and meats throughout the United States. Funding will be used for amortization and to reduce borrowing costs.

•Also on December 3, a South Carolina trucking company received a $150,000 Accounts Receivable Purchase facility to help facilitate start-up. This trucking company hauls general freight, and was referred to Crestmark by an existing client.

•A North Carolina plastic injection molding company was provided a $1,500,000 Accounts Receivable and Inventory Ledgered Line of Credit facility on December 4. Funding will be used for working capital.

•Crestmark provided a $1,500,000 Traditional Factoring facility arrangement on December 6 for a New Jersey-based company that sells designer accessories to retailers across the county.

•An Ohio printing company was funded a $1,750,000 Asset-Based Lending facility with advances on accounts receivable and inventory on December 7.

•On December 13 a New York computer assemblies and manufacturer was funded a $400,000 Term Loan facility with advances on machinery and equipment. The company has been in business for over 37 years.

•Also on December 13, and Illinois hospitality staffing company received a $750,000 Ledgered Line of Credit facility with advances on Accounts Receivable. The client was sourced from an existing customer and funding will be used for 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 and factoring. Crestmark finances most business-to-business companies, and has extensive experience in helping many industries including transportation, manufacturing, staffing, government contractors, apparel and furniture manufacturing. Headquartered in Michigan, with offices in Florida, Louisiana, Tennessee, New York, Alabama, California, Illinois, Ohio, Missouri, North Carolina, and Texas.