$ 475,000|Income Financing |New Jersey Client: New Jersey Digital media products and services Situation: Recently spun off from a larger corporation, this employee owned company was required to pay off a large note to the parent company. Need: Cash flow to pay off debt and support growth Solution: Prestige was able to provide [read more]
$ 1,500,000|Income Financing |Northeast Client: US subsidiary of an Israeli company which creates technology and manufactures a product for municipal contracts. Situation: Client was seeking growth capital as their orders for this in-demand product were growing rapidly. Need: Due to large purchase orders for their product in excess of 1 million dollars, [read more]
$ 300,000|Technology|Boston Client: Boston Technology Company Situation: The client’s business was growing rapidly as his business was in the rapidly growing sector known as IoT (internet of things). Need: As additional restaurants were signing up for the client's services, the company realized that their existing financing was insufficient for such rapid growth. [read more]
$ 30,000,000|Income Financing |Midwest Client: Midwestern U.S. manufacturer with over $1 billion in annual sales. Situation: The subsidiary’s parent company embarked on a major capital expenditure program, resulting in restrictions on intercompany advances. Need: Although strong financially, the client needed working capital flexibility without creating debt. Solution: Prestige purchased their receivables without recourse [read more]
$ 1,000,000|Income Financing| Nevada Client: Nevada Manufacturer of Custom minted coins and medals Situation: Company had just filed bankruptcy and needed funds to continue production Need: Debtor in possession financing Solution: In less than a week, Prestige was able to fund the company’s accounts receivables while in chapter 11 bankruptcy so that they [read more]
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