$ Line Amount | Consumer Products | California
$ Line Amount | Consumer Products | California
Client:
California Hair Care Product Company
Situation:
Celebrity Hairstylist created a hair care product line and received a large order from a retailer.
Need:
Client had approached their bank for a loan to assist in financing their supplier. The bank wasn’t able to assist as the company was too new.
Solution:
The bank introduced them to Prestige. Prestige set up a Factor’s Assurance program with their domestic supplier in order to get their supplier funded as soon as the order shipped and the client submitted the invoice to Prestige. This created a great partnership and goodwill between the client and their supplier, allowing them to continue to expand their business and accept additional larger orders.
