$ 5,000,0000| Refinancing| Midwest

Client:

Appliance Recycling Center

Situation:

Company works with energy utilities to replace inefficient household appliances. In selling their most profitable division, they reduced their existing bank loan to a level that was below the bank’s desired minimum.

Need:

A facility to assist with working capital needs as they refocused their efforts on the utility side of their business.

Solution:

Prestige closed on financing the US Corporation additionally setting up an agreement to finance their Canadian subsidiary.