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Novelty Product Manufacturer

  • Novelty Product Manufacturer

    $ 2,250,000

    Factoring

    Massachusetts
    • Client: Massachusetts-based Novelty Product Manufacturer.

    • Situation: 11-year-old company was being liquidated by its existing lender.

    • Need: One of the company’s existing owners was seeking to acquire and re-start a profitable division of the company.

    • Solution: Prestige provided financing to fund the acquisition of certain property of the liquidating estate from the lender and support future growth.