$ 2,500,000| Factoring | New Jersey
New Jersey-based manufacturer of telephone accessories with $1million in annual sales.
The start-up was looking for an alternative to raising equity at the early stage of their business.
The client needed working capital to pay overseas suppliers in a timely manner.
Prestige provided a $2.5 million factoring line of credit to meet the client’s initial needs and provide for ongoing growth.
400 Kelby St., 10th Floor
Fort Lee, NJ 07024
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