Prestige Capital Finance provided $7 million to two companies to fund the manufacturing and importing of masks, swab transport containers and disinfectant wipes.
Both of the companies that Prestige funded pivoted to supply PPE products. One company was in the plant-based wellness business. The company pivoted from manufacturing botanic supplements to manufacturing breathable, washable masks. The company had initial success selling masks directly to consumers. Retailers, however, wanted access to the masks. Prestige worked with a purchase order company to provide $2 million to suppliers to ensure demand could be met.