ParaTransit Company

  • Transit Company

    $ 2,500,000

    Factoring

    New York
    • Client: New York based paratransit company.

    • Situation: Client was factoring its receivables with another factor and needed a larger line that the current factor was not able to support.

    • Need: Client needed to double its existing factoring facility quickly to support two new contracts.

    • Solution: Prestige paid off the existing factoring line and provided liquidity and peace of mind as the client executed its new contracts.