Technology / Manufacturer

  • Technology / Manufacturer

    $ 1,500,000

    Factoring

    Northeast
    • Client: US Subsidiary of an Israeli company creating technology and manufacturing of a product for municipal contracts.

    • Situation: Client was seeking growth capital as their orders for this in-demand product were growing rapidly.

    • Need: Obtaining large purchase orders for their product in excess of 1 million dollars they needed to act quickly to find a finance company that could fund large concentration accounts and keep their business moving forward without skipping a beat.

    • Solution: Their CPA, an investor in this company, reached out to his banker to see if any finance firms would finance US subsidiaries and concentration accounts. The banker made the introduction to Prestige and promptly financed this client and assisted in their rapid growth here in the US.