$ 1,350,000| Factoring | Midwest
Midwest consumer products company with $20 million in annual sales.
The fifteen-year-old company’s lender was unable to provide a scheduled seasonal over advance due to issues with its own bank. The client was at risk of losing $5 million in sales.
The client was seeking immediate funding to fulfill its orders.
Within seven business days, Prestige was able to negotiate an intercreditor agreement (carve out) with the bank to provide the client with the liquidity needed to meet its seasonal demands.
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Fort Lee, NJ 07024
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