Factoring firm Prestige Capital closed $18.7 million in new business transactions in December and January.

The following are brief descriptions of the transactions:

• $10 million refi and growth capital to a West Coast-based nutraceutical company
• $1 million growth capital to a Northeast-based sand mine company
• $500,000 growth capital to a Northeast-based rock quarry
• $3 million growth capital to a New York-based digital media company
• $750,000 growth capital to a New England-based software developer
• $2 million refi to a Midwest-based bulk materials handling company
• $1 million growth capital to a New York-based advertising agency
• $500,000 management buyout facility to a Northeast-based re-seller of computer microchips

“We had expected the typical holiday slowdown, but instead we were deluged with funding requests to get businesses the working capital they needed to grow and take advantage of new opportunities in the new year,” said Stuart Rosenthal, executive vice president. “Much of this business came through word-of-mouth and industry referrals, demonstrating that Prestige Capital’s fast, flexible and straightforward funding approach is a winning strategy.”

New Jersey-based Prestige Capital is a commercial finance company specializing in factoring for small and medium-sized companies in a broad spectrum of businesses whose accounts receivable range from $100,000 to $20 million.