Prestige Capital Finance closed $1.25 million in combined factoring arrangements for Nouri Life, a probiotics company; KiiTO, a plant-based nutrition company; and Cure Hydration, a sports hydration company.
Companies that meet the needs of consumers seeking healthy and nutritious options require funds quickly. Prestige funds businesses based on their orders and invoices, rather than their own balance sheets. Prestige can fund businesses within a week.
“This year we are expanding our retail footprint into stores like Whole Foods and CVS but need access to capital to support our inventory needs,” Lauren Picasso, founder and CEO of Cure Hydration, said. “Prestige Capital has been a great partner for us as we grow. Their onboarding process was seamless and we quickly secured the capital we needed to support our growing business.”