Crestmark secured a total of $4,750,000 in financial solutions for three new clients in final two weeks of March. They are:

• On March 19 a $1.5 million asset based lending facility was provided to a supplier of LED light bulbs in Michigan. The funds will be used for working capital needs and to facilitate growth.
• A $3 million ledgered line of credit was provided on March 28 to a Michigan automotive coatings company. The facility was used for working capital purposes.
• On March 28, a $250,000 accounts receivable purchase facility was secured to provide working capital to a Michigan start-up freight broker.

Crestmark is a nationally known and respected FDIC-insured bank that provides innovative financial solutions for small- to medium-sized businesses.