Prestige Capital provided a $500,000 facility for a solar power maintenance company, which faced a unique challenge when its lender mandated payment from its client via check. This requirement strained the customer and began to impact the overall relationship between the solar company and its client. A consultant informed the CEO about Prestige Capital. Recognizing the need for a swift and effective solution, the CEO of the solar company heeded his friend’s recommendation and reached out to Prestige.
While in the process of growing the company, the CEO sought a simple and expedited resolution to this issue and found Prestige Capital. With Prestige’s facility, the company was able to streamline its process.
“Prestige did what they said — processed our application quickly, set up a clear onboarding meeting and put money in our bank,” the company’s CEO said. “They did it faster than any other factoring company that we have worked with in the past. Things have moved smoothly ever since.”
“We were pleased to witness how invoice financing not only supported the business’s growth but also played a crucial role in maintaining a healthy relationship between the client and their customer,” Rachel Hersh, sales director, North America at Prestige Capital, said.
Through the adoption of invoice financing, the solar company is successfully navigating its growth trajectory while also ensuring a positive dynamic with its customers.
