$ 5,000,0000| Refinancing| Midwest
$ 5,000,0000| Refinancing| Midwest
Client:
Appliance Recycling Center
Situation:
Company works with energy utilities to replace inefficient household appliances. In selling their most profitable division, they reduced their existing bank loan to a level that was below the bank’s desired minimum.
Need:
A facility to assist with working capital needs as they refocused their efforts on the utility side of their business.
Solution:
Prestige closed on financing the US Corporation additionally setting up an agreement to finance their Canadian subsidiary.
