$ 2,250,000| Factoring | Massachusetts

Client:

Massachusetts-based Novelty Product Manufacturer

Situation:

11-year-old company was being liquidated by its existing lender.

Need:

One of the company’s existing owners was seeking to acquire and re-start a profitable division of the company.

Solution:

Prestige provided financing to fund the acquisition of certain property of the liquidating estate from the lender and support future growth.