FORT LEE, NJ (SEP 2022) — A leading nationwide medical staffing provider sought funding to staff nurses quickly at hospitals to support the rising need as a result of Covid-19. In order to make their rapidly increasing payroll, the client required easily accessible cash flow. Initially, one of their partners had been funding payroll, but as the volume increased steadily, he tasked the team with finding a finance partner who could continuously increase their credit line to keep up with the growing demand.
Through a web search, the client found Prestige Capital on a list of finance companies that have a simple onboarding process. As Prestige does NOT require financials and can onboard clients in one week, they were excited to have found a partner who was local and accessible.
“As our business grows, we need a partner who can assist in that growth without missing a beat. With plans to acquire other medical staffing agencies, we want a sophisticated partner who can also provide acquisition financing as we scale”, says the client.
Prestige provided a $1,000,000 credit line to handle immediate cash needs and will continue to increase the line as the client grows and acquires new entities.
“Working with the team at Prestige has been wonderful. From the initial conversation with Prestige’s Sales Director, Rachel Hersh, to the care given by their President, Stuart Rosenthal, who understood our needs and was able to tailor a unique program for us, to their dedicated and hard- working Credit Manager, Santo Caruso, as well as our Account Executive, we feel like we are in the hands of a trusted partner who is alongside us on this journey of growth.”
Now this medical staffing company has a partner they can count on to quickly increase their nursing staffing.
About Prestige Capital:
Since 1985, Prestige Capital has been helping Early Stage and Mid-Size companies grow or turn around their businesses by providing more than $4 billion in funding, by converting accounts receivable into immediate working capital. Prestige Capital continues to help companies who do not qualify for traditional bank financing or who 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