brandycochrane

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So far brandycochrane has created 71 blog entries.

MANUFACTURER OF TELEPHONE ACCESSORIES

$ 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]

SOFTWARE CONSULTANT

$ 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]

TECHNOLOGY COMPANY

$ 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]

SOCIAL MEDIA PUBLISHER

$ 3,000,000|Factoring|New York Client: New York-based social media publisher with $8 million in annual sales. Situation: The four-year-old company was experiencing rapid growth due to the proliferation of social media across corporations. Need: The client needed a flexible working capital facility to keep pace with increasing operating expenses. Solution: In less than two [read more]

EAST COAST TECHNOLOGY COMPANY

$ 750,000|Income Financing| East Coast Client: East Coast technology company with $10 million in annual sales. Situation: Client sought cash flow to grow their business without diluting equity. Need: Client pre-bills its customers one year in advance, however there can be a delay before the client receives payments from its customers. In [read more]

2022-10-26T16:40:23+00:00October 26, 2022|Uncategorized|
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