$ 5,000,000| Factoring| New York
$ 5,000,000| Factoring| New York
Client:
21 year old window company located in New York
Situation:
The company needed additional capital beyond their bank facility.
Need:
The bank contacted Prestige to assist their client who had been with them for many years.
Solution:
Within 5 business days, Prestige provided a $5 million dollar line to enable them to fill a backlog of orders and continue to operate their business. Additionally, Prestige provided a Factor’s Assurance letter to their supplier in order to enhance their timely payments to their suppliers and run their operation smoothly.
