Janitorial Maintenance

  • Janitorial Maintenance

    $ 5,000,000

    Factoring

    New Jersey
    • Client: Janitorial Maintenance

    • Situation: A turnaround advisor who had previously worked for a client of Prestige was hired by a bankruptcy trustee to assist in obtaining Debtor in Possession (DIP) financing for this 7 entity holding company.

    • Need: These companies had been self- funded. However, needed relief and financing due to a large federal tax lien.

    • Solution: Within 5 business days, Prestige provided the DIP financing needed to keep the company operational while developing its plan of reorganization.