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Media and Branding Company

  • Media and Branding Company

    $ 750,000

    Factoring

    New York
    • Client: New York based media and branding company.

    • Situation: The company bills their clients in installments under a contract. They had been financed by a factoring company who could not finance milestone billed receivables, therefore most of their invoices were deemed ineligible for funding.

    • Need: They needed an experienced factoring firm who understood their industry and the nature of their billing who could provide the financing that they needed in order to keep their cash flow steady.

    • Solution: Their banker was able to make an introduction to Prestige; the appropriate firm for their needs. Prestige was able to replace their current factor, giving them access to greater liquidity by financing all of their receivables, including those that are billed in milestones.