$ 1,000,000| Income Financing| 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.