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.
Prestige Capital secured a $500,000 accounts receivable credit facility for a healthcare services company based in Kansas City, MO.
Prestige Capital provided $5 million to a fashion and jewelry importer and distributor that has shifted to sell personal protective equipment and medical equipment during the COVID-19 pandemic.
Prestige Capital Finance delivered $5 million in working capital to an Arizona-based, audio visual (AV) firm that specializes in designing, building and installing AV systems for auditoriums, corporate boardrooms and classrooms.
Prestige Capital Finance delivered a $2 million factoring facility to a reverse logistics company that specializes in managing excess inventory on behalf of its retail clients.