$ 250,000| Factoring | New York


New York-based organic baby food manufacturer with $2 million in annual sales.


The three-year-old company was experiencing rapid growth due to large orders from big box retailers. The bank was unable to increase its small credit facility.


The client needed additional cash flow to fulfill the orders and be able to take on new customer relationships.


Prestige paid off the bank and provided $250,000 in accounts receivable financing for their first assignment. Orders grew at a rapid pace, with no risk of having to turn down new orders due to a lack of cash flow. In less than a year, the client successfully refinanced their line with a low cost bank facility and grew their business more than tenfold.