A Northeastern virtual reality technology company needed capital to advance beyond its beta testing stage and turned to Prestige Capital, which offered a $1 million facility for the company to grow its business.
A technology company that designs software for call centers required capital to support its growth. In partnership with the company’s investor, Prestige Capital provided the necessary funds for this business to expand.
A venture capital-backed Midwestern technology company specializing in worker verification services secured a $3.5 million financing facility from Prestige Capital to fulfill a new government contract and drive growth beyond its existing funding source.
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. With Prestige’s facility, the company was able to streamline its process.
Prestige Capital provided a short-term bridge solution in the form of invoice financing to a U.S.-based beverage company as it awaited the completion of due diligence and underwriting by its asset-based lender, a process that would take roughly 60 days.
Prestige Capital provided a $1 million credit line to a CBD wellness company that needed growth capital.
Prestige Capital provided $12 million in funding to a New York-based construction design consulting firm after it was acquired by new owners.
Prestige Capital promoted Rachel Hersh to sales director, North America. Hersh will be based in New York and Long Island and will be responsible for continuing to grow Prestige Capital’s footprint in North America.