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.
Solution: By partnering with Prestige Capital, he was able to keep cash flow steady and sign on new accounts at a rapid pace. This was done without seeking additional equity, which would have required substantial time and energy during this fast-paced sales cycle.
400 Kelby St., 10th Floor
Fort Lee, NJ 07024