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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.


  • 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.

  • Hi-Tech Electronic Manufacturer

    $ 1,500,000

    Manufacturing

    Midwest
    • Client: Hi-Tech Electronic Manufacturer

    • Situation: Foreign-owned company had US presence, but no operational or support staff in the US.

    • Need: Client sought acquisition financing to assist in the purchase of this entity and incorporate in the US.

    • Solution: The combination of factoring the target’s A/R and the unencumbered A/R of one of their other holdings provided the necessary funds to complete the acquisition within two weeks of being introduced to the deal.

  • Manufacturer of Rugged Electronics for Industrial Use

    $ 1,500,000

    Factoring

    Midwest
    • Client: Manufacturer of Rugged Electronics for Industrial Use

    • Situation: Large global manufacturer decided to sell off a small division based in the US.

    • Need: Buyer needed nominal working capital for operations but needed available funds to assist them acquiring a US Subsidiary of a Hi-tech Electronic manufacturer and operate that business from its current offices.

    • Solution: Even though a large concentration existed in the customer base, Prestige was able to fund all of their accounts receivable which not only provided the working capital to operate the business effectively but provided the additional capital needed to close the acquisition.

  • Trade Magazine

    $ 1,000,000

    Factoring

    New York
    • Client: Trade Magazine

    • Situation: Former client sold a division of their company allowing them to operate without a working capital facility.

    • Need: Within a year, they found themselves in a cash crunch again.

    • Solution: Since they had enjoyed their flexible financing relationship with Prestige Capital they seamlessly returned and immediately improved their cash flow once again.

Similar Pages: Dip Financing | Bridge Financing | Invoice Factoring