$ 1,000,000| Factoring | Florida

Client:

Florida-based dental hygiene inventor

Situation:

After many years of development, a start-up with an innovative product was successful in reaching an exclusive agreement with a large national retailer.

Need:

Due to the sales concentration risk, the client had difficulty obtaining traditional financing from a bank.

Solution:

Prestige provided a factoring facility of $1 million without restrictive covenants related to the sales concentration account.