Contact

5480 Corporate Drive
Troy, MI 48098

P: (561) 509-3146
F: (561)509-3146
W: www.crestmark.com
Crestmark Bank

Management

  • Barry J. Essig: Vice Chairman
  • W. David Tull : Chairman and CEO
  • Mick Goik : President and COO
  • Matt Barbuscak : Senior VP and Operations Manager
  • :

Summary

Crestmark Bank is a national B2B lender specializing in alternative financing to small-to-medium-sized businesses  Based in Michigan, Crestmark provides solutions and financial services to companies throughout the United States. It serves companies in many industries, including manufacturing, staffing, transportation, apparel, government and oilfield services sectors. 

 Crestmark targets companies from start-ups to established businesses with annual revenues up to $100 million. Specific products include: 

  • Asset-based lending. Crestmark offers$500,000 to $7.5 million lines of credit based on customer accounts receivable, inventory, machinery and equipment. The company advances of up to 90 percent of eligible accounts receivable and up to 50 percent of eligible inventory value.
  • Accounts receivables.  Crestmark offers $500,000 to $7.5 million lines of credit.
  • Discount/recourse factoring. Crestmark offers factoring valued up to $7.5 million. The company advances up to 90 percent of eligible accounts receivable value.

Size of Loans

  • $250,000 - $1,000,000
  • $1,000,000 - $5,000,000
  • $5,000,000 - $15,000,000

Available Financing

  • ABL
  • Accounts Receivable Financing
  • Factoring Non-Recourse
  • Factoring Recourse
  • Import/Export Factoring
  • Inventory Financing
  • Purchase Order Financing
  • SBA Loans

Industries

  • Automotive
  • Energy
  • Government Contracts
  • Manufacturing
  • Staffing
  • Steel
  • Technology
  • Transportation

Recent Transactions

BorrowerIndustryAmount (M)QuarterYear
Latitude SolutionsProvider/Wastewater Remediation Solutions5.012012
Canon Recruiting GroupProvider/Corporate Staffing3.532011
Point.360Provider/Integrated Media Management Services1.012011
General Employment Enterprises IncProvider/Professional Staffing Services3.542009
Western Pottery Industries IncManufacturer/Ceramic Bath Fixtures2.542009