Typically, as a company grows so does its need for financing. Growth Financing provides companies with ready capital to take advantage of opportunities that arise, whether it is organic growth or by acquisition. Factoring provides peace of mind and reliable financing.
California Cosmetic Company
$ Line Amount
Client: California Cosmetic Company
Situation: Client received a large order from a subscription box company.
Need: Client was seeking funding to pay his overseas supplier to enable goods to be shipped and order to be filled.
Solution: Prestige partnered with a Purchase Order Finance company to fill the order and Prestige funded the invoice enabling a smooth transition of processing the order.
New York Lifestyle Magazine
Service ProvidersNew York
Client: New York Lifestyle Magazine
Situation: Client sought immediate cash flow to continue operations during their off season.
Need: Because of the seasonality of their business, their financials made it extremely difficult to obtain bank financing.
Solution: As a factoring company, Prestige Capital was able to finance their invoices even though they were seasonal by nature. Prestige was able to fund the client in two weeks, enabling them to make payroll and pay their printer.
Minnesota Recycling Company
Client: Minnesota Recycling Company
Situation: Client’s lender was looking to exit their financing relationship as their loan became too small.
Need: A lender to replace their bank who would provide working capital, flexibility and sufficient funds to pay off existing lender.
Solution: Prestige Capital provided the pay off to their lender and funded their ongoing operations seamlessly.
Georgia Accessory Company
Client: Georgia Accessory Company
Situation: This client received a large order to have his product featured in a subscription based delivery box.
Need: Since this order was much larger than his typical volume, the client needed to monetize the invoice in order to pay his supplier in within terms.
Solution: Within a week, Prestige was able to finance this single debtor account and paid his supplier promptly.
Boston Technology Company
Client: Boston Technology Company
Situation: The client’s business was growing rapidly as his business was in the rapidly growing sector known as IoT (internet of things).
Need: As additional restaurants were signing up for the client's services, the company realized that their existing financing was insufficient for such rapid growth.
Solution: By partnering with Prestige Capital, he was able to keep cash flow steady and sign on new accounts at a rapid pace. This was done without seeking additional equity, which would have required substantial time and energy during this fast-paced sales cycle.