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Refrigeration and Air Conditioning Service

  • Refrigeration and A/C Services

    $ 550,000

    Factoring

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

    • Situation: The fifteen-year-old seasonal business had fluctuations in sales and cash flow throughout the year. A request for a line increase to provide additional working capital during peak periods was declined by their bank.

    • Need: The client needed flexible working capital financing to purchase inventory and hire seasonal personnel.

    • Solution: Within ten days from application, Prestige provided the client with a factoring facility which provided steady and predictable cash flow and met seasonal demands.