brandycochrane

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So far brandycochrane has created 70 blog entries.

MANUFACTURER OF SPECIALTY VEHICLES

$ 500,000|Income Financing |New Jersey Client: New Jersey-based manufacturer of specialty vehicles. Situation: The client was purchasing a fabricator of specialty vehicles from an Assignee for the Benefit of Creditors. Need: The acquisition process in an ABC matter can be complex due to the divergent interests of different stakeholder groups and the [read more]

SCHOOL BUS COMPANY

$ 6,000,000|Income Financing |New York Client: New York City school bus company Situation: This 25 year old company needed to pay off a bank line due to losses. Need: Client needed to move quickly as school season was about to begin. Solution: In 8 business days, Prestige provided a $6 million dollar line [read more]

2022-11-29T23:21:36+00:00October 26, 2022|Industries, Transportation|

VA BASED TRUCKING COMPANY

$ 500,000|Income Financing |Virginia Client: Virginia based trucking company. Situation: This 7 year old company was growing quickly and needed its first line of credit to support its growth. Need: The new government contract that they received required greater resources and equipment. Solution: By providing this $500,000 line against receivables , client used [read more]

2022-10-26T17:13:20+00:00October 26, 2022|Uncategorized|

PARATRANSIT COMPANY

$ 2,500,000|Income Financing |New York Client: New York based paratransit company. Situation: Client was factoring its receivables with another factor and needed a larger line that the current factor was not able to support. Need: Client needed to double its existing factoring facility quickly to support two new contracts. Solution: Prestige paid off [read more]

2022-10-26T17:12:06+00:00October 26, 2022|Uncategorized|

TRUCK REPAIR AND RESTORATION

$ 2,000,000|Income Financing |Upstate New York Client: Upstate New York truck repair and restoration company Situation: Company was expanding rapidly but their bank would not expand their existing credit line Need: A finance company to give them greater liquidity. Solution: Prestige tripled their credit line so that they had the ability to pay [read more]

2022-11-29T23:17:48+00:00October 26, 2022|Industries, Service Providers, Transportation|
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