$ 5,000,000| Service Providers| New Jersey
$ 5,000,000| Service Providers| New Jersey
Client:
Janitorial Maintenance
Situation:
A turnaround advisor who had previously worked for a client of Prestige Capital was hired by a bankruptcy trustee to assist in obtaining Debtor in Possession (DIP) financing for this 7 entity holding company.
Need:
These companies had been self-funded. However, needed relief and financing due to a large federal tax lien.
Solution:
Within 5 business days, Prestige Capital provided the DIP financing needed to keep the company operational while developing its plan of reorganization.
