KANSAS CITY, MO (JULY 2021) — Lee Iacocca once said “ “Business, after all, is nothing more than a bunch of human relationships.” Iacocca is best known for the development of the Ford Mustang and Ford Pinto cars in the 1960’s. Sixty years later, Lee’s statement still holds true and Prestige Capital continues to leverage its 36 years in business, and numerous relationships, to prove it.
The relationships that Prestige Capital have built over the years are not only what helps them find solutions for a wide range of deals, it’s also what helps them get those deals funded quickly. A Kansas City based fractional CFO couldn’t find a solution for a Kansas City company that recently acquired an established Midwest healthcare service company. The company needed working operations capital but knew that a bank wasn’t the best solution for this type of deal. He decided to reach out to Stacy Huddleston of Prestige Capital to see if there was a non-dilutive option for his client.
“It’s our relationships that make Prestige special.” says Stacey Huddleston, the Midwest Sale Director at Prestige Capital. “People know that we have capital and a network of funding partners with different offerings than banks can’t offer so they contact us to find solutions.
Prestige was proudly able to fund a $500,000 accounts receivable credit facility in a matter of days from receiving the application. Prestige Capital helped this Kansas City client access pent up working capital which allowed them to continue to serve the several hundred customers they have across the United States.
About Prestige Capital
For over 35 years, Prestige Capital has helped nearly one thousand Early Stage and Mid-Size companies grow or turn around their businesses by providing more than $4 billion in cash advances, 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. Our goal is to help entrepreneurs reach the next level, whether that’s ultimately selling the business or being established enough to switch to traditional bank financing.
To learn more, contact:
400 Kelby St., 10th Floor
Fort Lee, NJ 07024 USA
Toll free Phone: 877-944-4455