$ 550,000| Factoring| New England
$ 550,000| Factoring| New England
Client:
New England-based refrigeration and air conditioning service specialist with $4 million annual sales.
Situation:
The fifteen-year-old seasonal business had fluctuations in sales and cash flow throughout the year. A request for a line increase to provide additional working capital during peak periods was declined by their bank.
Need:
The client needed flexible working capital financing to purchase inventory and hire seasonal personnel.
Solution:
Within ten days from application, Prestige provided the client with a factoring facility which provided steady and predictable cash flow and met seasonal demands.
