$ 1,000,000|Income Financing| Nevada Client: Nevada Manufacturer of Custom minted coins and medals Situation: Company had just filed bankruptcy and needed funds to continue production Need: Debtor in possession financing Solution: In less than a week, Prestige was able to fund the company’s accounts receivables while in chapter 11 bankruptcy so that they [read more]
$ 600,000|Income Financing| New Jersey Client: New Jersey-based importer of household goods with $4 million in annual sales. Situation: The three-year-old company had a strong backlog of orders but did not have adequate cash flow to purchase inventory to fulfill them. The importer applied for an SBA loan but was told [read more]
$ 750,000|Income Financing| Long Island Client: Long Island-based perfume packaging company with $5 million in annual sales. Situation: The two-year-old business had a significant sales concentration which made it very difficult to obtain traditional bank financing. In addition, the company required purchase order financing to fulfill large perfume orders. Need: : The [read more]
$ 500,000|Income Financing |Long Island Client: A five year old electronics importer. Situation: The client had insufficient cash flow to fill their orders. Need: As a new entity of a larger conglomerate, this division did not have sufficient length of time in business to obtain a traditional bank facility. Solution: Within 7 business [read more]
$ 1,000,000| Income Financing| Florida Client: Florida-based dental hygiene inventor. Situation: After many years of development, a start-up with an innovative product was successful in reaching an exclusive agreement with a large national retailer. Need: Due to the sales concentration risk, the client had difficulty obtaining traditional financing from a bank. Solution: Prestige [read more]
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