New England-based refrigeration and air conditioning service specialist with $4 million annual sales.
The fifteen-year-old seasonal business had fluctuations in sales and cash flow throughout the year. A request for a line increase to provide additional working capital during peak periods was declined by their bank.
The client needed flexible working capital financing to purchase inventory and hire seasonal personnel.
Within ten days from application, Prestige provided the client with a factoring facility which provided steady and predictable cash flow and met seasonal demands.
400 Kelby St., 10th Floor
Fort Lee, NJ 07024