A leading beauty branding company recently secured a partnership with a celebrity, resulting in a surge in sales and a need for additional financial support. Referred by a member of a consumer product network, the company turned to Rachel Hersh, Sales Director North America at Prestige Capital, for assistance. The client had an opportunity to showcase their product on a national TV program but needed funding to produce the inventory.
Rachel Hersh commented, "Invoice financing continues to play a crucial role in the Consumer Goods and Products space. It enables newer businesses to seize rapid opportunities that might otherwise be out of reach due to capital constraints."
With Prestige Capital's invoice financing solution, the beauty company was able to capitalize on its celebrity partnership and manage the increased demand without facing working capital constraints. This financial support provided the necessary capital for the company to keep pace with its accelerating growth and seize the opportunity presented by national TV exposure.