Prestige Capital provided a $7.5 million line to a Salt Lake City-based artificial intelligence company that faced a funding roadblock during a four-month engagement with a potential funding source.
Prestige Capital provided $1.5 million in working capital to support a New Jersey-based security company’s expansion efforts.
Mark J. Simshauser joined Prestige Capital as senior director for the Northeast. He will be responsible for building and driving business development throughout the region.
A Southeast-based subsidiary of a European holding company was introduced to Prestige Capital by one of its premier referral sources seeking a solution to expand its call center operations and repay some of its intracompany advances.
Prestige Capital provided $3 million to a Philadelphia-based nonprofit organization offering education programming throughout greater Philadelphia.
Prestige Capital expanded by hiring Umberto G. DiStefano as sales director for the Mid-Atlantic region. Umberto was previously a product manager at Coface North America, where he sold insurance products to small and medium-sized businesses
Prestige Capital led a syndicate of finance companies in increasing a West Coast staffing company’s credit line from $24 million to $100 million. The syndicate included Rosenthal & Rosenthal, Lenders Funding, Sterling Commercial Credit and Great Elm Capital.
Prestige Capital provided $2.5 million in funding to a California-based private-label organic baby food manufacturing and co-packer.
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 provided $2.5 million in funding to a California-based private label organic baby food manufacturing and co-packing company that needed a working capital line to increase volume in order to add additional product lines to its offering.