Prestige Capital Supports the Work and Expansion of a Joint Commission Certified Medical Staffing Company with $1,000,000 in Funding
FORT LEE, NJ (JULY 2022) — A leading nationwide medical staffing provider sought funding to staff nurses quickly at hospitals to support the rising need as a result of Covid-19. In order to make their rapidly increasing payroll, the client required easily accessible cash flow. Initially, one of their partners had been funding payroll, but as the volume increased steadily, he tasked the team with finding a finance partner who could continuously increase their credit line to keep up with the growing demand.
Through a web search, the client found Prestige Capital on a list of finance companies that have a simple onboarding process. As Prestige does NOT require financials and can onboard clients in as quickly as one week, they were excited to have found a partner who was local and accessible.
“As our business grows, we need a partner who can assist in that growth without missing a beat. With plans to acquire other medical staffing agencies, we want a sophisticated partner who can also provide acquisition financing as we scale.” said the client.
Prestige provided a $1,000,000 invoice finance facility to handle immediate cash needs and will continue to increase the line as the client grows and acquires new entities.
“Working with the team at Prestige has been wonderful,” said the company rep. “We feel like we are in the hands of a trusted partner who is alongside us on this journey of growth.”
Now this allied medical staffing company has a partner they can count on!
About Prestige Capital
Since 1985 Prestige Capital has helped 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. Prestige Capital continues to help companies who do not qualify for traditional bank financing or who need financing faster than a bank’s lengthy underwriting process allows.
To learn more, contact:
400 Kelby St., 10th Floor
Fort Lee, NJ 07024 USA
Toll-free Phone: 877-944-4455