Snow Removal Company
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Snow Removal Company
$ 750,000
Factoring
New JerseyClient: New Jersey-based snow removal company with $3 million in annual sales.
Situation: Six-year-old business had outgrown its line of credit with a local bank.
Need: The client needed a larger financing facility to support seasonal demands and accelerate cash flow.
Solution: Prestige provided a $750,000 factoring line to solve the immediate cash flow crunch and provide for seasonal sales fluctuations.