$ 750,000| Factoring| New York


New York-based Microsoft software consultant with $4 million annual sales.


The six-year-old company was seeking to refinance its line when it became a victim of a bait and switch scenario by an unscrupulous lender. Shortly before loan closing the company learned that the lender’s actual terms varied drastically from the original proposal.


The client was in need of immediate financing and wanted a lender they could trust.


Prestige provided a fast, simple and straightforward proposal and closed on a factoring facility within five business days.