Consumer Electronics Company

  • Consumer Electronics Company

    $ 5,000,000

    Factoring

    Midwest
    • Client: Midwest-based consumer electronics company with $75 million in annual sales.

    • Situation: The bank for this eight-year-old seasonal business failed to close a new line of credit in a timely manner.

    • Need: The client needed bridge financing to fill the gap until permanent financing could be obtained.

    • Solution: Within five business days, Prestige provided a $5 million bridge facility to alleviate the timing pressure until the company’s bank could close the facility.