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Washington Personnel Agency

  • Washington Personnel Agency

    $ 3.5 M

    Personnel

    New York
    • Client: West Coast personnel agency needed funds for rapid growth.

    • Situation: Company was young and did not have an extensive credit history. Customer had a line of credit with their bank, but the bank was unable to increase their current credit line to finance their growth.

    • Need: Company was not able to raise enough capital to fund their payroll. They needed a fast solution to a significant amount of funds to finance their rapid growth.

    • Solution: Prestige was able to step in and provide a credit line of 3.5M which was significantly larger than their bank was willing to provide.