$ 2,500,000|Income Financing |New Jersey
- Client: New Jersey-based manufacturer of telephone accessories with $1million in annual sales.
- Situation: The start-up was looking for an alternative to raising equity at the early stage of their business.
- Need: The client needed working capital to pay overseas suppliers in a timely manner.
- Solution: Prestige provided a $2.5 million factoring line of credit to meet the client’s initial needs and provide for ongoing growth.
