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Prestige Capital Closes $18.7MM in Recent Transactions

February 02, 2016, 07:49 AM
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Prestige Capital Corporation, a nationwide factoring firm servicing small and mid-sized businesses, announced they closed $18.7 million in new business transactions in late December 2015 and January 2016.

“We had expected the typical holiday slowdown, but instead we were deluged with funding requests to get businesses the working capital they needed to grow and take advantage of new opportunities in the new year,” said Stuart Rosenthal, Executive Vice President.

The following factoring transactions closed in late December 2015 and January of 2016:

  • West Coast Nutraceutical Company- Refinance and Growth Capital- $10 million.
  • Northeast Sand Mine Company- Growth Capital - $1 million.
  • Northeast Rock Quarry - Growth Capital - $500,000.
  • NY Based Digital Media Company - Growth Capital - $3 million.
  • New England Software Developer- Growth Capital - $750,000.
  • Midwest Bulk Materials Handling Company - Refinance - $2 million.
  • NY Based Advertising Agency- Growth Capital - $1 million.
  • Northeast Reseller of Computer Microchips- Management Buyout - $500,000.

“Much of this business came through word-of-mouth and industry referrals, demonstrating that Prestige Capital’s fast, flexible and straightforward funding approach is a winning strategy,” Rosenthal said.

Established in 1985, Prestige Capital Corporation is a commercial finance company specializing in factoring for small and medium-sized companies in a broad spectrum of businesses whose accounts receivable range from $100,000 to $20 million. Prestige offers services including factoring, credit protection services, factors assurance program and back office services. Prestige Capital’s team of experienced financial professionals can help improve a business’s overall financial stability.

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