$ 5,000,000| Factoring| Midwest
Midwest-based consumer electronics company with $75 million in annual sales.
The bank for this eight-year-old seasonal business failed to close a new line of credit in a timely manner.
The client needed bridge financing to fill the gap until permanent financing could be obtained.
Within five business days, Prestige provided a $5 million bridge facility to alleviate the timing pressure until the company’s bank could close the facility.
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Fort Lee, NJ 07024
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