ParaTransit Company

• Transit Company

  $ 2,500,000

  Factoring

  New York

  • Client: New York based paratransit company.

  • Situation: Client was factoring its receivables with another factor and needed a larger line that the current factor was not able to support.

  • Need: Client needed to double its existing factoring facility quickly to support two new contracts.

  • Solution: Prestige paid off the existing factoring line and provided liquidity and peace of mind as the client executed its new contracts.