California AI Company

  • California AI Company

    $ 25,000,000

    Consumer Products

    • 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.