$ 750,000|Income Financing| Long Island
- 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.