Prestige Capital secured a $500,000 accounts receivable credit facility for a healthcare services company based in Kansas City, MO.
The company needed working capital but knew that a bank wasn’t the best solution for this type of deal. The company’s fractional CFO decided to reach out to Prestige Capital to see if there was a non-dilutive option for the company.
“It’s our relationships that make Prestige special,” Stuart Rosenthal, president of Prestige Capital, said. “People know that we have capital and a network of funding partners with different offerings that banks can’t offer, so they contact us to find solutions.”
Prestige Capital funded the accounts receivable credit facility in a matter of days from receiving the company’s application, helping the client access working capital, which allowed it to continue to serve its customers.