$ 750,000| Factoring| New Jersey

Client:

New Jersey-based snow removal company with $3 million in annual sales.

Situation:

Six-year-old business had outgrown its line of credit with a local bank.

Need:

The client needed a larger financing facility to support seasonal demands and accelerate cash flow.

Solution:

Prestige provided a $750,000 factoring line to solve the immediate cash flow crunch and provide for seasonal sales fluctuations.