$ 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]
$ 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]
$ 2,500,000|Income Financing |New Jersey Client: New Jersey-based manufacturer of telephone accessories with $1million in annual sales. Situation: The start-up was looking for an alternative to raising equity at the early stage of their business. Need: The client needed working capital to pay overseas suppliers in a timely manner. Solution: Prestige provided a [read more]
$ 750,000|Income Financing |New York Client: New York-based Microsoft software consultant with $4 million annual sales. Situation: The six-year-old company was seeking to refinance its line when it became a victim of a bait and switch scenario by an unscrupulous lender. Shortly before loan closing the company learned that the lender’s [read more]
$ 1,000,000|Income Financing |Texas Client: Texas-based Information technology company with $6 million in annual sales. Situation: The five-year-old company obtained a $5.5 million three-year contract. Need: The client needed immediate working capital to pay its overseas service subcontractor in a timely fashion. Solution: Prestige quickly met with management at their Texas headquarters and [read more]
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