prestige financial invoice factoringdip financingfactoring servicesprestige brokers

Thermal Backfill Company

  • Manufacturer of Thermal Backfill

    $ 900,000

    Factoring

    New England
    • Client: New England-based refrigeration and air conditioning service specialist with $4 million annual sales.

    • Situation: The twenty-year-old company’s existing lender could no longer support its rapid growth. The company was awarded two long term contracts which would almost double their revenue.

    • Need: The client needed a growth facility which would enable them to accept and support large orders.

    • Solution: The existing lender felt a strong loyalty to client and agreed to a structured payoff to expedite the closing and support the client’s needs. Within seven days, Prestige provided a factoring line which enabled client to transition seamlessly.