Prestige Capital Announces $7 million in additional PPE Funding
NEW JERSEY (September 2, 2020) – Prestige Capital Finance, LLC is proud to continue funding PPE providers. In July alone, Prestige provided $7 million to two companies to fund the manufacturing and importing of masks, swab transport containers, disinfectant wipes and more.
“The funding of this plant farm is a continuation of our commitment to healthy Both of the PPE companies that Prestige funded were successful pivots. One company was in the plant-based wellness business. The company pivoted from manufacturing botanic supplements to manufacturing breathable, washable masks. The company had initial success selling masks directly to consumers. Retailers, however, wanted access to the masks given their comfort and practicality. Prestige worked with a purchase order company to provide $2 million to suppliers to ensure demand could be met.
The second funded company is an established import/ export business out of Florida that had a successful gift item business. The company leveraged its connections in China to access swab components (e.g., transfer tubes). The company received $5 million from Prestige to deliver on government contracts.
“Prestige is thrilled to fund companies that have successfully pivoted to PPE products,” said Stuart Rosenthal, President of Prestige Capital. “We are proud to support companies that are able to evolve, innovate and flex to fill important gaps in the market.”
About Prestige Capital
For over 34 years, Prestige Capital has helped nearly one thousand Early Stage and Mid-Size companies grow or turn around their businesses by providing more than $4 billion in cash advances, converting accounts receivable into immediate working capital. Visit www.prestigecapital.com or call 877-944-4455 to learn more.