$ 1, 500,000| Factoring | Northeast
$ 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.
