Manufacturer of Telephone Accessories

• Manufacturer of Telephone Accessories

  $ 2,500,000

  Factoring

  New Jersey

  • Client: New Jersey-based manufacturer of telephone accessories with $1million in annual sales.

  • Situation: The start-up was looking for an alternative to raising equity at the early stage of their business.

  • Need: The client needed working capital to pay overseas suppliers in a timely manner.

  • Solution: Prestige provided a $2.5 million factoring line of credit to meet the client’s initial needs and provide for ongoing growth.