$ 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.
  • Solution: By partnering with Prestige Capital, he was able to keep cash flow steady and sign on new accounts at a rapid pace. This was done without seeking additional equity, which would have required substantial time and energy during this fast-paced sales cycle.