No-frills financing for high-risk industries — though you won’t find much information online.

  • Best for business owners in high-risk industries who want a one-stop shop for a variety of funding solutions.
  • Pick something else if you want in-person support and don’t live in one of the five states it has branches.
    • Completed online or in-person application
    • Accounts receivable (A/R) aging
    • Accounts payable (A/P) aging
    • Articles of incorporation
    • Company customer list
    • Your customer’s financials
    • A sample of three invoices, including a purchase order of contracts
    • Purchase orders from your five largest customers

    First, do I qualify?

    Qualifications vary depending on the type of loan you’re applying for, though Crestmark Bank doesn’t disclose what these are online.

    Generally speaking, you’ll need the following to begin the application process:

    • Completed online or in-person application
    • Accounts receivable (A/R) aging
    • Accounts payable (A/P) aging
    • Articles of incorporation
    • Company customer list
    • Your customer’s financials
    • A sample of three invoices, including a purchase order of contracts
    • Purchase orders from your five largest customers

    What makes Crestmark Bank unique?

    Crestmark Bank provides working capital to dozens of manufacturing, business-to-business, service, and distribution industries — some not generally served by many other lenders.

    You can use the funds for everything from expansion and restructuring to refinancing. It also helps with risk management and credit analyses.

    However, Crestmark Bank doesn’t provide APRs, terms, fees or eligibility criteria on its website. For that information, you’ll have to call 888-999-8050 and speak with one of its business loan reps. And, even at that, there’s a different department for each loan type.

    Pros

    • Wide range of funding solutions
    • 24-hour turnaround to fund invoices
    • Online application and funding
    • Don’t have to be a Crestmark Bank customer to qualify

    Cons

    • Takes a full day to approve your application
    • Have to wait seven to 10 days to get your funds for a business loan
    • Physical branches in only five states
    • Doesn’t disclose fees, APRs, terms or eligibility requirements online
    • Customer service may not return calls

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