Long Island-based perfume packaging company with $5 million in annual sales.
The two-year-old business had a significant sales concentration which made it very difficult to obtain traditional bank financing. In addition, the company required purchase order financing to fulfill large perfume orders.
The client needed a financing partner who could structure a unique financing solution tailored to their specific needs.
Within one week from application, Prestige funded existing invoices to help the company pay for goods from their suppliers and simultaneously introduced them to a purchase order partner to help fund future purchase orders.
400 Kelby St., 10th Floor
Fort Lee, NJ 07024