$ 500,000| Factoring| New Jersey
New Jersey-based technology staffing company.
The three-month old company was experiencing working capital constraints due to customers stretching their payments to more than 45 days.
The client needed working capital to meet payroll and related tax expense and had a payroll that was quickly coming due.
Within three business days, Prestige provided a $500,000 factoring line of credit which enabled the client to meet their payroll expense and provided ongoing working capital.
400 Kelby St., 10th Floor
Fort Lee, NJ 07024
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