$ 5,000,000| Factoring | Ontario, Ontario
$ 5,000,000| Factoring | Ontario, Ontario
Client:
Ontario, Canada-based call center with $50 million in annual sales.
Situation:
Ten-year-old call center was being acquired by a U.S. investor group.
Need:
The investors were seeking to leverage the receivables of the call center to complete the acquisition and provide ongoing working capital.
Solution:
In less than two weeks from the initial inquiry, Prestige provided a $5 million factoring line, allowing the buyers to complete the cross-border acquisition with a nominal equity investment.
