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Early Stage Financing

Entrepreneurs often lack the operating history necessary to raise capital to finance a business. Factoring is often used by startups to provide the capital necessary to get a business off the ground.

  • Manufacturer and Distributor of Swimming Pool Accessories

    $ 750,000


    • Client: Creator, manufacturer and distributor of innovative swimming pool accessories.

    • Situation: Client’s business was beginning to grow beyond his initial seed investment.

    • Need: Client was seeking purchase order financing and factoring to fill his orders which were growing in size.

    • Solution: His investment banker made an introduction to Prestige. Coordinating efforts with our Purchase Order finance partner, we were able to assist the client to fill his orders ensuring his continued steady growth.

  • Women’s Apparel Company

    $ 1,000,000


    • Client: Southeast based women’s apparel company.

    • Situation: This client had recently ended her partnership with one partner and was forming a new corporation with her overseas supplier.

    • Need: Client needed to have a financing partner to give comfort to her suppliers that she would have steady cash flow to pay for the product in a timely manner as well as have credit protection on her retail invoices.

    • Solution: Putting together a 1 million line for this client, Prestige was able to ensure that her business could scale up quickly and that Prestige’s credit department could monitor her retailer’s credit.

  • Digital Media Company

    $ 750,000


    New York
    • Client: Upstate New York digital media company

    • Situation: The client developed digital technology that was being sold to big box retailers. The orders from the retailers were coming in fast and the client couldn’t keep up fulfilling the orders.

    • Need: The client needed working capital to be able to fulfill the orders from the retailers in a timely manner.

    • Solution: In less than one week from the initial call with the client, Prestige provided a $750,000 factoring line of credit which improved their cash flow and enabled the client to fulfill the back log of orders and ongoing working capital.

  • Manufacturer

    $ 500,000


    • Client: Florida-based manufacturer of sports nutrition products.

    • Situation: After two years of research and development, the early stage company started generating revenue and needed to turn their invoices into immediate cash.

    • Need: The client needed cash to pay their suppliers up-front and to fund other working capital needs.

    • Solution: In six business days, Prestige provided a $500,000 factoring line of credit to the client which provided working capital and supported the company’s growth plan.

  • Technology Staffing Company

    $ 500,000


    New Jersey
    • Client: New Jersey-based technology staffing company.

    • Situation: The three-month old company was experiencing working capital constraints due to customers stretching their payments to more than 45 days.

    • Need: The client needed working capital to meet payroll and related tax expense and had a payroll that was quickly coming due.

    • Solution: Within three business days, Prestige provided a $500,000 factoring line of credit which enabled the client to meet their payroll expense and provided ongoing working capital.

Similar Pages: Dip Financing | Bridge Financing | Invoice Factoring