Appliance Recycling Center

  • Appliance Recycling Center

    $ 5,000,0000

    Refinancing

    Midwest
    • Client: Appliance Recycling Center

    • Situation: Company works with energy utilities to replace inefficient household appliances to get them off the grid. In selling their most profitable division they reduced their existing bank loan to a level that was below the bank’s desired minimum.

    • Need: A facility to assist with working capital needs as they refocused their efforts on the utility side of their business.

    • Solution: Prestige closed on financing the US Corporation additionally setting up an agreement to finance their Canadian subsidiary.