prestige financial invoice factoringdip financingfactoring servicesprestige brokers

Working Capital

A measure of both a company’s efficiency and its short-term financial health, working capital is the cash a business requires to fund day-to-day operations. At times, working capital constraints occur due to rapid growth, seasonality, delayed customer payments and other unexpected events. Factoring provides immediate access to cash for business owners.


  • Long Island Transportation Company

    $ Line Amount

    Service Providers

    New York
    • Client: Long Island Transportation Company

    • Situation: Company was introduced by a turnaround firm due to an immediate cash need after losing their bank line.

    • Need: Client needed cash in order to make their payroll in a timely manner.

    • Solution: Within 10 days Prestige funded their AR and provided the financing they needed to make payroll and continue operations.

  • Minnesota Appliance Company

    $ Line Amount

    Consumer Products

    Minnesota
    • Client: Minnesota Appliance Company

    • Situation: The client obtained a large contract from an energy utility company to replace appliances.

    • Need: The client needed cash flow to fulfill the contracts.

    • Solution: Prestige quickly provided a factoring line for its growth so that it could fulfill its contracts and its rapid growth.

  • Canadian Appliance Recycling

    $ 2,000,000

    Service Providers

    Canada
    • Client: Canadian Appliance Recycling

    • Situation: This appliance recycling center is a division of a current client and was seeking working capital for their North American division.

    • Need: The client had obtained large contracts and needed cash flow for operations.

    • Solution: Within a week Prestige funded their receivables which enabled them to expand their program.

  • New York Lifestyle Magazine

    $ 1,200,000

    Service Providers

    New York
    • Client: New York Lifestyle Magazine

    • Situation: Client sought immediate cash flow to continue 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 Capital was able to finance their invoices even though they were seasonal by nature. Prestige was able to fund the client in two weeks, enabling them to make payroll and pay their printer.

  • Minnesota Recycling Company

    $ 7,000,000

    Service Providers

    Minnesota
    • Client: Minnesota Recycling Company

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

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

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

Similar Pages: Dip Financing | Bridge Financing | Invoice Factoring