$ 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]
$ 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]
$ 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]
$ 750,000|Income Financing| New York Client: Upstate New York digital media company Situation: The client developed digital technology that was being sold to big box retailers. The orders from the retailers were coming in fast and the client couldn’t keep up fulfilling the orders. Need: The client needed working capital to be [read more]
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