$ 2,500,000| Factoring | New Jersey
$ 2,500,000| Factoring | New Jersey
Client:
New Jersey-based manufacturer of telephone accessories with $1million in annual sales.
Situation:
The start-up was looking for an alternative to raising equity at the early stage of their business.
Need:
The client needed working capital to pay overseas suppliers in a timely manner.
Solution:
Prestige provided a $2.5 million factoring line of credit to meet the client’s initial needs and provide for ongoing growth.
