$ 2,500,000| Factoring | West Coast
$ 2,500,000| Factoring | West Coast
Client:
West Coast-based vitamin manufacturer with $15 million in annual sales.
Situation:
The company was in the process of being sold to a new ownership group.
Need:
The seller needed bridge funding until the sale was finalized. During the interim period, Prestige management worked with both the seller and buyer to support their efforts to bring the sale to a successful conclusion.
Solution:
The buyer was so pleased with Prestige’s way of doing business that they signed up for an extension of Prestige’s contract and immediately filled $500,000 in back orders.
