Manufacturer of Telephone Accessories

  • Manufacturer of Telephone Accessories

    $ 2,500,000

    Factoring

    New Jersey
    • Client: New Jersey-based manufacturer of telephone accessories with $1million in annual sales.

    • Situation: The start-up was looking for an alternative to raising equity at the early stage of their business.

    • Need: The client needed working capital to pay overseas suppliers in a timely manner.

    • Solution: Prestige provided a $2.5 million factoring line of credit to meet the client’s initial needs and provide for ongoing growth.