Consumer Goods and Services
The client had large invoices from Overstock.com
After two years of research and development, the early stage company started generating revenue and needed to turn their invoices into immediate cash.
The distributor was an existing client of Prestige Capital and its management team was well known to Prestige. The Client’s owners made the strategic decision to focus their attention on other core businesses and wanted to divest the electronics distributor.
The client was seeking additional capital when its bank could not increase its credit facility.
The company was in the process of being sold to a new ownership group.