Growth Financing

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.

  • Hi-Tech Electronic Manufacturer

    $ 1,500,000

    Manufacturing

    Midwest

    • Client: Hi-Tech Electronic Manufacturer

    • Situation: Foreign-owned company had US presence, but no operational or support staff in the US.

    • Need: Client sought acquisition financing to assist in the purchase of this entity and incorporate in the US.

    • Solution: The combination of factoring the target’s A/R and the unencumbered A/R of one of their other holdings provided the necessary funds to complete the acquisition within two weeks of being introduced to the deal.

  • Manufacturer of Rugged Electronics for Industrial Use

    $ 1,500,000

    Factoring

    Midwest

    • Client: Manufacturer of Rugged Electronics for Industrial Use

    • Situation: Large global manufacturer decided to sell off a small division based in the US.

    • Need: Buyer needed nominal working capital for operations but needed available funds to assist them acquiring a US Subsidiary of a Hi-tech Electronic manufacturer and operate that business from its current offices.

    • Solution: Even though a large concentration existed in the customer base, Prestige was able to fund all of their accounts receivable which not only provided the working capital to operate the business effectively but provided the additional capital needed to close the acquisition.

  • Technology / Manufacturer

    $ 1,500,000

    Factoring

    Northeast

    • Client: US subsidiary of an Israeli company which creates technology and manufactures a product for municipal contracts.

    • Situation: Client was seeking growth capital as their orders for this in-demand product were growing rapidly.

    • Need: Due to large purchase orders for their product in excess of 1 million dollars, they needed to find a finance company quickly that could fund large concentration accounts and keep their business moving forward without skipping a beat.

    • Solution: Their CPA, an investor in the company, reached out to his banker to see if anybody would finance US subsidiaries and concentration accounts. The banker made the introduction to Prestige who promptly financed this client and assisted in their rapid growth in the US.

  • Digital Media Products and Services

    $ 475,000

    Factoring

    New Jersey

    • Client: New Jersey Digital media products and services

    • Situation: Recently spun off from a larger corporation, this employee owned company was required to pay off a large note to the parent company.

    • Need: Cash flow to pay off debt and support growth

    • Solution: Prestige was able to provide much-needed cash flow by financing their accounts receivables, this enabled them to service their customers and pay off their note to the parent company.

  • Truck Repair and Restoration

    $ 2,000,000

    Factoring

    Upstate New York

    • Client: Upstate New York truck repair and restoration company

    • Situation: Company was expanding rapidly but their bank would not expand their existing credit line

    • Need: A finance company to give them greater liquidity.

    • Solution: Prestige tripled their credit line so that they had the ability to pay off their existing bank and immediately facilitate growth.