Consumer Products Company

  • Consumer Products Company

    $ 1,350,000

    Factoring

    Midwest
    • Client: Midwest consumer products company with $20 million in annual sales.

    • Situation: The fifteen-year-old company’s lender was unable to provide a scheduled seasonal over advance due to issues with its own bank. The client was at risk of losing $5 million in sales.

    • Need: The client was seeking immediate funding to fulfill its orders.

    • Solution: Within seven business days, Prestige was able to negotiate an intercreditor agreement (carve out) with the bank to provide the client with the liquidity needed to meet its seasonal demands.