Client: Long Island-based perfume packaging company with $5 million in annual sales.
Situation: 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.
Need: : The client needed a financing partner who could structure a unique financing solution tailored to their specific needs.
Solution: 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.
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