$ 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.