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Recent Transactions

  • Digital Media Products and Services

    $ 475,000


    New Jersey
    • Client: New Jersey Digital media products and services

    • Situation: Recently spun off from a much larger corporation this employee owned company was paying off a large note to the parent company and was in a cash-crunch.

    • Need: Cash flow to pay off debt and support growth

    • Solution: Prestige was able to provide the much-needed cash flow by financing their accounts receivables which enabled them to service their customers and pay off their note to the parent company.

  • Textile Designers and Manufacturers

    $ 500,000


    New Jersey
    • Client: New Jersey Textile designers and manufacturers

    • Situation: Company needed financing to import materials to create, manufacture and sell to their large customer

    • Need: Both Purchase Order Financing and Accounts Receivable Financing to import raw materials for textile product manufacturing.

    • Solution: Prestige was able to arrange for factor’s assurance letter to their key suppliers enabling them to import the goods that they needed to manufacture their product.

  • Manufacturers of Skin Care Products

    $ 750,000


    New York
    • Client: New York Skin care manufacturer

    • Situation: Company was experiencing a cash crunch due to extended terms with their largest customer.

    • Need: Cash flow to maintain operations

    • Solution: Prestige was able to factor their large receivable giving them the much-needed cash flow to service their customer base.

  • Custom Minted Coins and Medals

    $ 1,000,000


    • Client: Nevada Manufacturer of Custom minted coins and medals

    • Situation: Company had just filed bankruptcy and needed funds to continue production

    • Need: Debtor in possession financing

    • Solution: In less than a week, Prestige was able to fund the company’s accounts receivables while in chapter 11 bankruptcy so that they could fill their existing orders.

  • Truck Repair and Restoration

    $ 2,000,000


    Upstate New York
    • Client: Upstate New York truck repair and restoration company

    • Situation: Company was expanding rapidly but their bank would not expand their existing credit line

    • Need: A finance company to give them greater liquidity.

    • Solution: Prestige tripled their credit line so that they could pay off their existing bank and immediately facilitate growth.