Importer of Men’s Apparel
Importer of Men's Apparel
Client: New Jersey importer of men’s dress shirts.
Situation: Client was unable to keep up with pace of orders from large retailers and their bank was unable to extend a credit facility due to the lack of financial strength of the company.
Need: The client needed a growth facility to fill the orders from large retailers and continue to grow their business.
Solution: Prestige provided a $1 million dollar facility so that the client would be able to fill his backlog of orders and grow his business. He has since added another division and has obtained a line of $1 million for that entity as well.