$ 500,000 | Factoring | Florida

Client:

Florida-based manufacturer of sports nutrition products.

Situation:

After two years of research and development, the early stage company started generating revenue and needed to turn their invoices into immediate cash.

Need:

The client needed cash to pay their suppliers up-front and to fund other working capital needs.

Solution:

In six business days, Prestige provided a $500,000 factoring line of credit to the client which provided working capital and supported the company’s growth plan.