Prestige Capital Finance, a commercial finance and invoice factoring company, delivered a $5 million factoring facility to a Southeast-based company that focuses on the manufacturing and assembly of corrugated retail displays.
The company used the funds to acquire a smaller corrugated display company in a new market as well as for ongoing working capital needs for both entities.
To complete the leveraged buyout of this point-of-purchase display company, Prestige used the acquired company’s accounts receivable as well as the purchaser’s accounts receivable. The acquiring company received funding within weeks of its completed application.
“Prestige is thrilled that this former client had the trust and faith in us to facilitate this transaction,” Stuart Rosenthal, president of Prestige Capital, said. “With the funds available, these unified companies now have the ability to serve additional markets throughout the country and grow their base.”
