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Growth Financing

Typically, as a company grows so does its need for financing. Companies need to have ready capital to take advantage of opportunities, whether organic growth or by acquisition. Factoring provides that peace of mind and reliable financing.


  • Lifestyle Magazine

    $ 1,200,000

    Service

    New York
    • Client: NY Lifestyle Magazine

    • Situation: Client sought immediate cash flow to continue running operations during their off season.

    • Need: Because of the seasonality of their business their financials made it extremely difficult to obtain bank financing.

    • Solution: As a factoring company, Prestige was able to finance their invoices even though they are seasonal by nature and was able to fund the client in two weeks, enabling them to make payroll and pay their printer.

  • Recycling

    $ 7,000,000

    Recycling

    Minnesota
    • Client: Appliance Recycling Company

    • Situation: Client’s lender was looking to exit their financing relationship as loan became too small.

    • Need: A lender to replace their bank who would provide working capital, flexibility and enough funds to pay off existing lender.

    • Solution: Prestige provided the pay off to their lender and funder their ongoing operations seamlessly.

  • Consumer Products

    $ 500,000

    Consumer Products

    Georgia
    • Client: Georgia Accessory Company

    • Situation: This client received a large order to have his product featured in a subscription based delivery box.

    • Need: As this order was much larger than his typical volume, he sought liquidity in order to pay his supplier in a timely manner.

    • Solution: The client was able to sign on to Prestige’s program within a week and financed this single debtor account and paid his supplier promptly.

  • Technology

    $ 300,000

    Boston
    • Client: Boston Technology Company

    • Situation: The client’s business was growing rapidly as his business is in the rapidly growing sector known as IoT (internet of things).

    • Need: As more and more restaurants were signing up for his services he found that his existing financing from his equity partner was insufficient for his fast growth.

    • Solution: By partnering with Prestige, he was able to keep cash flow steady and sign on new accounts at a rapid pace without seeking additional equity which would take time and energy during this fast paced sales cycle.

  • Consumer Products

    $ 250,000

    North Carolina
    • Client: NC Men’s Grooming Tool

    • Situation: This company saw sales sharply increase after exposure on a television program.

    • Need: The client needed liquidity to support their fast growth.

    • Solution: Within two weeks, the client financed their receivables, giving their factories comfort to continue to ship their rapidly growing volume.