Partnership with Bankers
Retain your clients while keeping the option to finance them at a future date
Benefits for the bank:
- We can assist a banker obtain and retain an account. As a non-bank finance company, we will require a referral client to open an account or maintain existing accounts with the referral bank.
- Loans that are in a troubled state can be referred as well, and we can arrange to pay-off or pay-down the existing facility before the account is considered a workout or liquidation.
- When the bank does not want the risk of exposure on a concentration account, we can provide financing with a carve-out of that debtor’s receivable.
- Prestige often works in conjunction with purchase order financing to provide a one stop solution for funding orders. Such financing is often used in lieu of an equity raise or friends and family round of financing.
- Prestige can provide short term (3-6 Months) bridge financing for a company who the bank expects to fund in the near future.