$ 1,500,000| Factoring | Midwest
$ 1,500,000| Factoring | Midwest
Client:
Manufacturer of Rugged Electronics for Industrial Use
Situation:
Large global manufacturer decided to sell off a small division based in the US.
Need:
Buyer needed nominal working capital for operations but needed available funds to assist them acquiring a US Subsidiary of a Hi-tech Electronic manufacturer and operate that business from its current offices.
Solution:
Even though a large concentration existed in the customer base, Prestige was able to fund all of their accounts receivable which not only provided the working capital to operate the business effectively but provided the additional capital needed to close the acquisition.
