FORT LEE, NJ (MAR 2023) — A Southeast-based subsidiary of a European holding company was introduced to Prestige by one of its premier referral sources seeking a solution to expand its call center operations and repay some of its intracompany advances. Within two weeks of signing the proposal letter, Prestige underwrote and closed the deal, enabling the company to expand its call center operations in the US and obtain additional funds to smooth out its cash flow needs.
Stuart Rosenthal, President of Prestige Capital, said, “It’s been almost 40 years, and I’m still amazed at how quickly we can solve a cash flow problem. Our extensive network and expertise in almost all industries allow us to close deals quickly and provide flexible solutions.”
This funding enabled the company to better support its US-based clients, increase its US footprint, and take the pressure off the foreign parent while still maintaining a personal touch with its clients.
Since 1985, Prestige Capital, a commercial finance company, has been funding clients directly by turning invoices into cash. We purchase invoices from a broad range of companies with annual sales ranging from $2 million to $300 million. Prestige Capital continues to help companies that either do not qualify for traditional bank financing or need financing faster than a bank’s lengthy underwriting process allows.
To learn more, contact:
400 Kelby St., 10th Floor
Fort Lee, NJ 07024 USA
Toll free Phone: 877-944-4455