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.
Commercial finance and invoice factoring company Prestige Capital Finance delivered a $5 million factoring facility to a Southeast-based company that focuses on the manufacturing and assembly of corrugated retail displays.
Prestige Capital Finance provided $7 million to two companies to fund the manufacturing and importing of masks, swab transport containers and disinfectant wipes.
Prestige Capital Finance, closed a $2 million factoring arrangement for a California-based plant farm, specializing in potted and indoor blooming plants. The proceeds from the factoring arrangement will be used to help this grower expand its footprint in home centers across the U.S.
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.
Specialty finance company Veritas Financial Partners closed a $10 million accounts receivable financing facility in partnership with Prestige Capital.