Prestige Capital provided a $1 million credit line to a CBD wellness company that needed growth capital.
The company was working with several retailers and needed funding to pay vendors on time and keep up with demand but was unable to find a bank financing partner, forcing it to explore alternative solutions.
“This deal was really exciting,” Rachel Hersh, sales director in North America for Prestige Capital, said. “Since most banks don’t fund CBD companies, Prestige became the only option for them to obtain the funds they needed. By providing capital, they were able to fill store shelves with their wellness product that helps so many on their path to wellness.”
Forward for Specialty Finance
