$ 2,000,000|Income Financing |Midwest

  • Client: Midwest bulk material handling company with $10 million in annual sales.
  • Situation: Client was unhappy with their former factor who was not timely in funding assignments of invoices. The client asked his equipment lender for a referral to a new working capital provider.
  • Solution: Prestige provided a $2 million factoring facility to pay off the former factor within six days, and together with the equipment lender, worked out a collateral sharing agreement which gave the client greater borrowing powe

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