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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.


  • Massachusetts Toy Company

    $ 2,000,000

    Consumer Products

    Massachusetts
    • Client: Massachusetts Toy Company

    • Situation: This company had been purchased in bankruptcy by an investor and required cash flow for operations.

    • Need: Client needed immediate cash flow for operations and for payment licensing fees.

    • Solution: Within one week Prestige Capital financed the client’s receivables enabling client to pay licensing fees in a timely manner, as well as, provide ongoing cash flow to pay suppliers.

  • New York Watch Company

    $ 2,000,000

    Consumer Products

    New York
    • Client: New York Watch Company

    • Situation: Company was seeking immediate cash flow during their busy fourth quarter.

    • Need: Since their bank was unable to provide a loan, an introduction to Prestige was made to provide invoice financing.

    • Solution: Within one week the client financed $1,000,000 of receivables enabling them to pay their suppliers in a timely manner.

  • New Jersey Manufacturing

    $ 200,000

    Manufacturing

    New Jersey
    • Client: New Jersey Manufacturing

    • Situation: Company wanted a fast, simple credit line that was accessible when needed.

    • Need: On occasion the customer experienced demand spikes. They needed a facility in place to handle an immediate need for capital.

    • Solution: Prestige Capital’s flexibility allows for no minimum borrowing requirements, quick closing speed, and a nominal fee to close.

  • New York Truck Repair

    $ 200,000

    Automotive

    New York
    • Client: New York Truck Repair

    • Situation: Company had a significant growth with one customer.

    • Need: Customer created a strain on the company’s cash flow due to a significant increase in volume. Customer was unable to buy materials needed to service the customer in an efficient manner.

    • Solution: Prestige Capital was able to fund the customer’s receivables even though they had a huge concentration with the one customer. Prestige Capital’s flexibility enabled us to fund receivables of customers that have large receivable concentrations.

  • Washington Personnel Agency

    $ 2,000,000

    Service Providers

    Washington
    • Client: Washington Personnel Agency

    • Situation: Company was young and did not have an extensive credit history. Although the customer had a line of credit, the bank was unable to increase their current credit line to finance their growth.

    • Need: Company was not able to raise enough capital to fund their payroll. They needed a rapid solution to obtain access to a significant amount of funds in order to finance their rapid growth.

    • Solution: Prestige Capital was able to step in and provide a credit line, which was significantly larger than what their bank was willing to provide.

Similar Pages: Dip Financing | Bridge Financing | Invoice Factoring