$ 750,000| Factoring| New Jersey
$ 750,000| Factoring| New Jersey
Client:
New Jersey-based snow removal company with $3 million in annual sales.
Situation:
Six-year-old business had outgrown its line of credit with a local bank.
Need:
The client needed a larger financing facility to support seasonal demands and accelerate cash flow.
Solution:
Prestige provided a $750,000 factoring line to solve the immediate cash flow crunch and provide for seasonal sales fluctuations.
