Prestige Capital provided $3 million to a Philadelphia-based nonprofit organization offering education programming throughout greater Philadelphia.
“It’s always great to be able to help a company who’s making a difference in their community,” Stuart Rosenthal, president at Prestige Capital, said. “Knowing that invoice financing can be used to make a social impact is very rewarding.”
Prestige paid off the organization’s existing lender with the proceeds from the first funding to move forward with a large enough facility to comfortably fund its expected growth.
“We tend to have solutions for funding that others don’t offer,” Christopher Foss, direct sales manager at Prestige Capital, said. “I like the fact that we can support the growth of organizations that are making a difference.”
