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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.


  • Marble and Tile Importer

    $ 3,000,000

    Factoring

    Long Island
    • Client: Long Island-based marble and tile importer with $10 million in annual sales.

    • Situation: The twenty-year-old company had historically been self-funded. The importer experienced a cash flow crunch when its receivable turnover slowed to an unprecedented 60 days and its vendors required payment within 30 days.

    • Need: The client needed a working capital line to close the accounts receivable/accounts payable gap and take advantage of trade discounts.

    • Solution: Prestige provided $3 million in receivables funding. The company was no longer strained by the slow turnover of receivables and increased sales by 20% in three months.

  • Information Technology Company

    $ 1,000,000

    Factoring

    Texas
    • Client: Texas-based Information technology company with $6 million in annual sales.

    • Situation: The five-year-old company obtained a $5.5 million three-year contract.

    • Need: The client needed immediate working capital to pay its overseas service subcontractor in a timely fashion.

    • Solution: Prestige quickly met with management at their Texas headquarters and funded over $1 million of accounts receivable within four business days.

  • Manufacturer of Thermal Backfill

    $ 900,000

    Factoring

    New England
    • Client: New England-based refrigeration and air conditioning service specialist with $4 million annual sales.

    • Situation: The twenty-year-old company’s existing lender could no longer support its rapid growth. The company was awarded two long term contracts which would almost double their revenue.

    • Need: The client needed a growth facility which would enable them to accept and support large orders.

    • Solution: The existing lender felt a strong loyalty to client and agreed to a structured payoff to expedite the closing and support the client’s needs. Within seven days, Prestige provided a factoring line which enabled client to transition seamlessly.

  • Refrigeration and A/C Services

    $ 550,000

    Factoring

    New England
    • Client: New England-based refrigeration and air conditioning service specialist with $4 million annual sales.

    • Situation: 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.

    • Need: The client needed flexible working capital financing to purchase inventory and hire seasonal personnel.

    • Solution: Within ten days from application, Prestige provided the client with a factoring facility which provided steady and predictable cash flow and met seasonal demands.

  • Perfume Packaging Company

    $ 750,000

    Factoring

    Long Island
    • Client: Long Island-based perfume packaging company with $5 million in annual sales.

    • Situation: The two-year-old business had a significant sales concentration which made it very difficult to obtain traditional bank financing. In addition, the company required purchase order financing to fulfill large perfume orders.

    • Need: : The client needed a financing partner who could structure a unique financing solution tailored to their specific needs.

    • Solution: Within one week from application, Prestige funded existing invoices to help the company pay for goods from their suppliers and simultaneously introduced them to a purchase order partner to help fund future purchase orders. <div itemscope itemtype="http://schema.org/WebSite"><meta itemprop="name" content="PERFUME PACKAGING COMPANY"/><meta itemprop="url" content="https://www.prestigecapital.com/cases/perfume-packaging-company/"/></div>