$ 900,000| Factoring | New England
$ 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.
