$ 25,000,000 | Consumer Products | California
California AI Company
The client needed liquidity in the 4th quarter to pay suppliers during their busy holiday season.
The client was actively seeking an increase in their bank line to support their growth, however, the bank was not comfortable giving a line increase at this time.
Prestige was able to work with the bank in a carve out situation, to finance the client’s largest retail receivables to provide liquidity to pay their suppliers in a timely manner.
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