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.
Nutritional Juice Company
New York, New York
Client: New York-based nutritional juice company.
Situation: Early stage venture looking for start-up financing.
Need: The client was seeking an alternative to equity funding to fulfill its initial orders from a big box retailer.
Solution: Prestige provided a $750,000 factoring line in less than seven business days which allowed the juice company to fulfill the orders and take advantage of new opportunities.