$ 25,000,000 | Consumer Products | California
$ 25,000,000 | Consumer Products | California
Client:
California AI Company
Situation:
The client needed liquidity in the 4th quarter to pay suppliers during their busy holiday season.
Need:
The client was actively seeking an increase in their bank line to support their growth, however, the bank was not comfortable giving a line increase at this time.
Solution:
Prestige was able to work with the bank in a carve out situation, to finance the client’s largest retail receivables to provide liquidity to pay their suppliers in a timely manner.
