$ 500,000|Income Financing| Upstate NY Client: Food and drug manufacturer based in Upstate NY. Situation: Client was receiving large orders to manufacture private label products for large distributors. They were unable to fill these orders without a financing partner. Need: A credit facility to ensure that they would have availability to buy [read more]
$ 300,000|Income Financing| New York Client: New York-based energy consultants with $3 million in annual sales. Situation: The five-year-old company was experiencing slow payments from its customers causing cash flow issues. Need: Sought working capital to support energy conservation program sponsored by Con Edison. Solution: In three business days, Prestige was able to [read more]
$ 1,000,000|Income Financing | Connecticut Client: Connecticut-based architectural design firm with $10 million in annual sales. Situation: The six-year-old firm obtained a large project to design an amusement park exhibit which was billed on a progress basis with extended terms Need: The client needed immediate access to cash flow for payroll and [read more]
$ 1,000,000| Income Financing | New Jersey Client: New Jersey-based third generation ready-mix concrete company with $8 million in annual sales. Situation: The company’s bank was taken over by the FDIC which resulted in their loss of an ongoing funding source. Without a line, the 11-year-old company was unable to pay [read more]
$ 3,000,000|Income Financing |Long Island Client: Long Island-based marble and tile importer with $10 million in annual sales. Situation: The twenty-year-old company had historically been self-funded. The importer experienced a cash flow crunch when its receivable turnover slowed to an unprecedented 60 days and its vendors required payment within 30 days. [read more]
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