$ 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]
$ 475,000|Income Financing |New Jersey Client: New Jersey Digital media products and services Situation: Recently spun off from a larger corporation, this employee owned company was required to pay off a large note to the parent company. Need: Cash flow to pay off debt and support growth Solution: Prestige was able to provide [read more]
$ 1,500,000|Income Financing |Northeast Client: US subsidiary of an Israeli company which creates technology and manufactures a product for municipal contracts. Situation: Client was seeking growth capital as their orders for this in-demand product were growing rapidly. Need: Due to large purchase orders for their product in excess of 1 million dollars, [read more]
$ 300,000|Technology|Boston Client: Boston Technology Company Situation: The client’s business was growing rapidly as his business was in the rapidly growing sector known as IoT (internet of things). Need: As additional restaurants were signing up for the client's services, the company realized that their existing financing was insufficient for such rapid growth. [read more]
$ 30,000,000|Income Financing |Midwest Client: Midwestern U.S. manufacturer with over $1 billion in annual sales. Situation: The subsidiary’s parent company embarked on a major capital expenditure program, resulting in restrictions on intercompany advances. Need: Although strong financially, the client needed working capital flexibility without creating debt. Solution: Prestige purchased their receivables without recourse [read more]
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