$ 1,000,000| Factoring | Florida
$ 1,000,000| Factoring | Florida
Client:
Florida-based dental hygiene inventor
Situation:
After many years of development, a start-up with an innovative product was successful in reaching an exclusive agreement with a large national retailer.
Need:
Due to the sales concentration risk, the client had difficulty obtaining traditional financing from a bank.
Solution:
Prestige provided a factoring facility of $1 million without restrictive covenants related to the sales concentration account.
